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JPY trades firm in early Europe with.....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: JPY trades firm in early Europe with USD/JPY moving down to retest
its earlier Asian low of Y108.63. Month end flow models have suggested USD sales
to be seen at today's month-, year-end fixes, though the Citi model has
suggested that the signal for USD/JPY sales seen weak. Move seen more as a
reaction to the move lower in equities. However, a break of Y108.63 to expose
early December lows between Y108.46/43. Tokyo closed Tuesday and markets there
only reopen next Monday.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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