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Early demand in Asia met decent..........>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Early demand in Asia met decent resistance toward Y113.20, the rate
topped out at Y113.18 before it reversed through Y113.00 on back of Eur/Jpy
supply. BOJ announced that is had reduced its buying of 10+ year JGBs by Y10bn
(viewed as tapering) which added further weight with noted supply seen from
non-Japanese real money accounts which pressed rate down to Y112.50. Decent
demand placed into the Y112.50/48 area cushioned the move before rate edged back
to Y113.70. Rate currently trades around Y112.67 in early Europe. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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