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*Dec13 dollar-yen open Y113.55, range...>

YEN SUMMARY: *Dec13 dollar-yen open Y113.55, range Y113.13 to Y113.58
*Dollar-yen opened in Asia toward the middle of the Y113.37 to Y113.76 range
witnessed yesterday, where upbeat US economic data underpinned the greenback.
NFIB small business optimism rose from 103.8 in October to 107.5 in November,
the highest reading since 1983.
*Dollar-yen was in consolidation mode for most of the session, the pair held a
tight Y113.42 to Y113.58 range
*News that Democrat Jones had won the Senate election by beating Republican
Moore saw modest US dollar weakness across the board, dollar-yen eased from the
mid-Y113.40's to Y113.13.
*The move proved fleeting, the pair recovered to Y113.35 and then consolidated
between Y113.30 to Y113.35 heading toward the European open.
*Resistance at Y113.81 is proving stubborn, the level marks 76.4% fib
retracement on Y114.73-Y110.84 decline, while Asia's low at Y113.13 provide
initial support
*US CPI and FOMC provide the main event risks for the session ahead. 

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