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Early Tokyo-fix related gains were.......>

DOLLAR-YEN
DOLLAR-YEN: Early Tokyo-fix related gains were soon countered overnight as the
modest risk-off theme amid weaker regional equity markets took hold. Dollar-yen
consolidated in a narrow Y111.31-69 range and holds near the base into Europe.
Support is located at Y111.30/20 (Hourly supp, Nov24 low), Japanese demand
placed behind at Y111.00 (Y111.05/03 - Aug4 high, 50% Y107.32-114.73). Usd/Jpy
last Y111.43.
* On the US calendar today New Home Sales are scheduled for release at 1500GMT.
New home sales are expected to slow to a 629,000 annual rate in October
following a sharp rebound in September. Unadjusted sales were up 18.2% from a
year earlier before seasonal adjustment.
* At 1530GMT Dallas Fed Manufacturing Survey is released.
* At 2330GMT Minneapolis Federal Reserve Bank President Neel Kashkari is to
participate in moderated Q&A, followed at 0000GMT by New York Federal Reserve
Bank President William Dudley.
* Option-expiries today at Y112.30($380mn), Y113.06-12($390mn).

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