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Improving equities with added Tokyo......>

DOLLAR-YEN
DOLLAR-YEN: Improving equities with added Tokyo fixing demand saw Usd/Jpy
recover off early Asia traded lows (Y105.33) to Y105.67, before fading. On the
topside Y106.00/10 remains a suggested sell area, decent bids are reported to
form ahead of Y105.00. Month/quarter end flow expected to dictate price action
today with some bank models suggesting USD buying. Last Y105.64.
- Main highlights in the US today from GDP data at 1230GMT. Analysts expected
the third reading of GDP for the fourth quarter to make little news, with the
headline figure revised up modestly to +2.7% and the chain price index unrevised
at +2.3%. Pending Home Sales follow at 1400GMT.
- Option-expiries: Y105.00($251mn), Y105.20-25 ($575mln), Y105.50 ($813mln),
Y106.05($320mn), Y107.44($1.0bn). 

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