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Holds its gains above Y110.00 but so.....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Holds its gains above Y110.00 but so far not looking too comfortable
in this area. Several bank reports have suggested that they would be interested
in fading this rally, see potential for a pullback toward Y109.10/00.
Technically rate has room to extend the current up move toward Y110.50 (Asia
high Y110.29), with near term support said to have moved up to Y109.55/45. Rate
currently trades around Y110.00. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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