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Fresh wave of dollar supply pares........>

DOLLAR-YEN
DOLLAR-YEN: Fresh wave of dollar supply pares early NY gains with slippage
extending to the Y110.67/72 area. The European low provides initial support at
Y110.65, opening Y110.47/36 (61.8%/76.4% fibo of daily range). Next up on the
calendar sees the release of US Industrial Production data at 1415GMT.
Industrial production is expected to rise by 0.5% in December after a 0.2% gain
in the previous month. Factory payrolls rose by 25,000 in December, while auto
production jobs rose by 1,000. However, the factory workweek fell to 40.8 hours
from 40.9 hours in November. The ISM production index rose to 65.8 in the
current month from 63.9 in the previous month.
Later at 2015GMT Dallas Federal Reserve Bank President Rob Kaplan is to
participate in a moderated Q&A session. Lastly, Cleveland Federal Reserve Bank
President Loretta Mester is to discuss monetary policy communications at
2130GMT. Usd/Jpy last Y110.69.

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