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*Dec21 dollar-yen open Y113.40, range...>

YEN SUMMARY
YEN SUMMARY: *Dec21 dollar-yen open Y113.40, range Y113.20 to Y113.45
*Dollar-yen opened at the upper side of yesterday's Y112.84 to Y113.47 range,
where firmer US rate yields continued to place the yen on the defensive
*Dollar-yen traded sideways in a Y113.20 to Y113.40 range ahead of BoJ policy
decision
*As expected, there were no surprises from the BoJ, with policy (rates, YCC, and
asset purchase target) unchanged.
*For the balance of the session the pair continued to consolidate around Y113.40
*Yesterday's peak at Y113.47 offers initial resistance, a break to expose key
resistance at Y113.81 (76.4% fib Y114.73-Y110.84), while Asia's base at Y113.20
provides initial support.
*Focus is now on Kuroda's press conference(0630GMT)

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