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Having reclaimed the Y133.00 handle........>

EURO-YEN
EURO-YEN: Having reclaimed the Y133.00 handle overnight in tandem with a firmer
Usd/Jpy (UST yields/Nikkei driven), gains extended to Y133.22. Minor pullback
consolidated either side of Y133.15 into Europe, before fresh short covering
squeezed to Y133.39. The rate holds firm with next resistance seen at Y133.47/63
(61.8%/76.4% Y133.89-132.80).
* On the European calendar this morning, ECB Executive Board Member Yves Mersch
speaks at a conference (0845GMT) "The impact of FinTechs in the changing banking
and insurance industry" during 20th Euro Finance Week, in Frankfurt.
* Also worthy of note is the large Y133.00 (E961mn) option expiry for today's NY
cut.  

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