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Cross demand was countered by local......>

DOLLAR-YEN
DOLLAR-YEN: Cross demand was countered by local exporter supply overnight as the
pair held a very narrow Y112.88-113.09 range. Option-expiries are noted at
Y113.00/10 (852mn), offers are reported behind at Y113.30, opening Y113.44/50
(Oct6 high, 1.618% swing Y112.72-111.48). A break of the Asia low opens
Y112.75/48 (Hourly low, 21-dma). US data release later today at 1230GMT from
weekly Jobless Claims, the level is expected to decline by 3,000 to 240,000 in
the October 14 employment survey week after a 15,000 decrease in the previous
week. Also at 1230GMT Phila Fed mfg is released, the index is forecast to fall
back to a still-solid reading of 21.0 in Oct following a gain of 23.8 in Sep.
Dollar-yen last Y113.05. 

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