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Despite the release of soft German.........>

EURO-YEN
EURO-YEN: Despite the release of soft German Industrial Production data (-1.4%
m/m vs MNI median +0.5%), stronger revisions provide a counter to hold near the
peak of its Y132.39-75 daily range. Next resistance is seen at Y132.98/07 (Daily
cloud top, 38.2% Y134.38-132.26). Last at Y132.70.
* On the European calendar today main focus at 1000GMT when the secondary
reading of Eurozone GDP will be published.
* Next up at 1600GMT ECB President Mario Draghi will participate in his capacity
as Chair of the Group of Governors and Heads of Supervision (GHOS) in a press
conference by the Bank for International Settlements.

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