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*Jan2 dollar-yen open Y112.63, range....>

YEN SUMMARY
YEN SUMMARY: *Jan2 dollar-yen open Y112.63, range Y112.59 to Y112.79
*Dollar-yen opened in Asia toward the lower side of the Y112.47 to Y112.97
range, where cross demand outweighed dollar weakness, leaving the pair broadly
unchanged on the day.
*With Tokyo markets closed for a bank holiday, the pair remained side-lined and
held to a narrow Y112.59 to Y112.79 range. 
*Resistance lies at Y112.96/97 (55-dma, Dec29 high), while initial support is
located at Y112.47 (Dec29 low), with key-support then seen at Y112.30 (50% fib
retracement Y110.84-113.75 rise)
*European and UK Manufacturing PMI's provides the main focus for the session
ahead, with potential cross flows, sterling-yen and euro-yen.

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