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Holds above Y108.00 in early Europe,.....>

MNI (London)
DOLLAR-YEN: Holds above Y108.00 in early Europe, Asia having consolidated
Tuesday's push higher between Y108.12-28. Attention will be on the large Y108.00
strike option expiry for today's NY cut, $4.31bln in total, $3.8bln of USD puts.
Size of this interest likely to keep rate anchored close by. Asian traders have
mentioned that they have noticed supply in the market though this is currently
being countered by risk related demand.  
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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