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Early Japanese demand was countered by...>

DOLLAR-YEN
DOLLAR-YEN: Early Japanese demand was countered by post-fix prop sales overnight
as the pair held a narrow Y112.04-31 range. Consolidation has remained the theme
into Europe with option-related demand seen at Y112.00 (Expiry $1.11bn).
Resistance at Y112.33 (Oct13 high & 38.2% Y113.44-111.65). US data release is
scheduled later from Import/Export Price at 1230GMT, followed by Industrial
Production at 1315GMT. Dollar-yen last Y112.18.

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