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Despite the earlier break of Y107.00,....>

DOLLAR-YEN
DOLLAR-YEN: Despite the earlier break of Y107.00, Usd/Jpy has largely
consolidated in a narrow 20 pip NY range. On the downside demand is reported
ahead of Y106.50, resistance at Y107.53 from the Asia high. Next up on the
calendar at 1445GMT is the MNI Chicago PMI release, the data is expected to
decline further to a reading of 64.0 in February after dipping to a still-strong
reading of 65.9 in January. At 1500GMT, the NAR pending home sales data will be
released, with the DOE weekly crude oil stocks expected at 1530GMT. Usd/Jpy last
Y107.07. 

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