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DOLLAR-YEN: Managed to nudge to a fresh intraday recovery high of Y114.14 in
early Europe (Asia range Y113.89-114.09) before momentum faltered and rate
currently trades around Y114.07. Asian traders reported sell interest at and
above Y114.20, a clear above to expose recent high of Y114.45. Strong offers
suggested between Y114.45/50, the Y114.50 level said to hold barrier interest.
Expiries for today of note, Y114.00($2.22bn), Y114.50($1.13bn).