News that Democrat Jones had won the.....>

DOLLAR-YEN: News that Democrat Jones had won the Senate election triggered

modest dollar weakness across the board overnight. Usd/Jpy touched lows of

Y113.13 but soon recovered to hold either side of Y113.35 for the balance of the

session. Initial resistance is seen at Y113.58 from the Asia high, a break opens

Y113.75/77 (Dec12 high, 1.618% swing Y113.09-111.99). 

* Busy on the US calendar today with CPI kicking off at 1330GMT. CPI is expected

to rise 0.4% in November following a 0.1% rise in October. 

* The main event of the day at 1900GMT is the FOMC Rate Announcement. The FOMC

are widely expected to hike rates 25bp, though markets expect their tone to be

dovish.

* Rounding off the day at 1930GMT Federal Reserve Chair Janet Yellen will give a

press conference, in Washington.

* Option-expiries today: Y111.00($915mn), Y112.00($512mn), Y112.12($320mn),

Y112.25 ($290mn), Y112.45-50($1.62bn), Y112.68-70($421mn), Y113.00($415mn),

Y113.50 ($1.41bn), Y114.00($965mn), Y115.00($1.41bn), Y115.50($520mn),

Y116.00($350mn).