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Currently trades at Y113.38 in the.......>

DOLLAR-YEN
DOLLAR-YEN: Currently trades at Y113.38 in the middle of the narrow Y113.26 to
Y113.52 range seen so far today, where consolidation has been the theme. There
has been no discernible reaction to the Nikkei, the cash index opened down by
1.25% and currently trades lower by 1.4%. Further range-trading seems likely
ahead of the European open. Initial resistance lies at Y113.58 (50% fib on
yesterday's Y114.07-113.09 decline), while support is seen at Y113.09, with
demand reported around Y113.00, which also houses a rather large option expiry
for today totalling $1.63bn.

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