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DOLLAR-YEN: Japanese names have reportedly been the early buyers taking the
dollar up from around Y112.60 to Y112.76. Resistance lies at Y112.96 (38.2% fib
Y113.75-Y112.46 decline). There are also a few close-by option expiries for
today; Y112.45-50($1.02bn), Y112.70($530mn) and Y113.00($525mn), that may act to
contain the near term range. Dollar-yen was last at Y112.72.
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