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Inroads above Y112.50 have been..........>

DOLLAR-YEN: Inroads above Y112.50 have been short-lived, reports of Japanese
exporter supply linked to half-yearly hedging requirements are proving to be a
tough headwind. Supply is said to be scattered up to Y112.80, with stops from
momentum names then cited above. Technical resistance lies at Y112.53/56
(Sep25-22 highs), a break opens Y112.72 (Sep21 high), while demand is expected
near to the 200-dma, currently at Y112.08. Dollar-yen is currently changing
hands at Y112.40.

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