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Met decent resistance into Y111.00 in....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Met decent resistance into Y111.00 in early European trade
Wednesday, the rate touching a high of Y110.95 before reversing. USD/JPY eased
to Y110.73, jumped back to Y110.88 before it dropped back into the 1600GMT fix
to Y110.75 before extending this move to Y110.63. Corrective pullback managed to
hold off the earlier Asian low of Y110.55. All focus now on the release of FOMC
Minutes at 1900GMT (via the website, no lock-up due to Washington DC weather
conditions). Support Y110.55/45, resistance Y110.95/111.00 ahead of the YTD high
of Y111.13(Feb14).  
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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