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Continues to pare European morning.......>

DOLLAR-YEN
DOLLAR-YEN: Continues to pare European morning losses, supported by firmer UST
yields, Usd/Jpy has extended the recovery off earlier traded lows (Y112.41) to
hold Y112.60/65. Focus turns to the release of US November Trade data at the
bottom of the hour. The international trade gap is expected to widen to $46.7
billion in October from $43.5 billion in September.

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