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Eventually makes a show above Y111.00,...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Eventually makes a show above Y111.00, the rate touching Y111.02 but
seen meeting headwind resistance against building on this initial move. Some
profit take supply suggested moving in after the Y111.00 objective attained.
Rate currently trades around Y110.99. Resistance seen at Y111.02/03 and
Y111.06(1.0% 10-dma envelope) with the 200-dma Y111.29 becoming exposed. 
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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