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Japanese asset managers were the...........>

EURO-YEN
EURO-YEN: Japanese asset managers were the stand-out buyers in early Asia,
momentum names extended to the Y132.90/95 area before fading. Gbp/Jpy was also
seen to lend support following press reports in The Times that said the Irish
border agreement is close. Short covering ahead of and into Europe squeezed to
extended session highs of Y133.19 and holds firm. Next resistance is seen at
Y133.24/25 (Nov24 high, 76.4% Y133.89-131.17).
* The European calendar gets underway at 0700GMT with the release of German
Retail Sales
* At 0800GMT, ECB Executive Board member Yves Mersch will give the introductory
speech at joint ECB/Banca d'Italia conference.
* At 0855GMT, the German Federal unemployment data will be published. Followed
at 1000GMT by the main release of the morning, euro area flash November
inflation.
* At the same time ECB Executive Board member Peter Praet delivers the Ludwig
Erhard Lecture.

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