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Extends slippage below Y108.00 as risk...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Extends slippage below Y108.00 as risk aversion presses rate down to
Y107.92 (currently around Y107.95). Advice to US citizens to leave Iraq
immediately, following the overnight killing of leading Iranian military
officials in Baghdad, seen prompting sales. Rate seen meeting support around the
base of its 1.0% 10-dma envelope, with the Nov1 low of Y107.89 close behind.
Break here to open a deeper move toward Y107.75/70. 
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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