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JPY crosses pull higher after the........>

DOLLAR-YEN: JPY crosses pull higher after the USD/JPY failed to consolidate
below the 55-DMA (Y110.73), with sources pointing to onshore Japanese interest
on the buy side after other Japanese names pressured the cross to lows earlier
- Rate had a brief look above Y111.00, touching Y111.05, last Y110.95,
resistance noted at yesterday's NY high (Y111.19), with $1.19bn worth of option
expiries between Y111.25-30 set to roll off at today's NY cut.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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