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Following on from yesterday's volatile...>

DOLLAR-YEN
DOLLAR-YEN: Following on from yesterday's volatile trade, Asia witnessed a quiet
session tied to a narrow Y113.26-54 range. Tokyo-fix related demand was quickly
eroded via Nikkei losses as traders reported of light flow. On the topside tech
resistance is seen at Y113.58/70 (50%/61.8% Y114.07-113.09). Option-related
demand at Y113.00 (Y113.09/00 - Nov9 low, Expiry $1.63bn). A quiet day for North
American data, the first release of the day is a speech from ECB Executive Board
member Yves Mersch at 1230GMT. Mersch will deliver the speech at the 2017
Cumberland Lodge Financial Services Summit organised by the European Policy
Forum, in Windsor, UK. Data release follows at 1500GMT from the University of
Michigan preliminary Sentiment Index. The index is expected to hold steady at
100.7 in early November after surging to that point in October. Dollar-yen last
Y113.38.

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