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Having recovered to Y112.97 on broad.....>

DOLLAR-YEN
DOLLAR-YEN: Having recovered to Y112.97 on broad dollar strength following
China's reported suspension of the counter-cyclical factor in the CNY fix,
Usd/Jpy failed to extend gains and drifted throughout the morning to hold around
the Y112.63/68 area. Immediate support is seen at Y112.50, the initial react low
in Asia after the BOJ slowed JGB purchases, below here targets Y112.21
(100-dma).
* Very light on the US calendar today with main highlights at 1500GMT where
Minneapolis Federal Reserve Bank President Neel Kashkari participates in a
moderated Q&A at Cargil Headquarters in Minnesota.
* Option-expiries: Y113.00($928mn), Y113.20($425mn).

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