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Nikkei is now in the lunch-break.........>

DOLLAR-YEN
DOLLAR-YEN: Nikkei is now in the lunch-break around flat for the session, after
being up by over 0.6% at one stage, in-turn the dollar has eased from an earlier
Y112.31 high to a base so far of Y112.04. Domestic corporate demand is cited
around Y112.00, with better demand then reported on an approach to Y111.50. In
option space, there is a large expiry for today at Y112.00 ($1.11bn), that may
act to contain the near-term range. Technical resistance at Y112.33 is proving
to be stubborn, the level marks both Oct13 high & 38.2% fib Y113.44-Y111.65
decline, while support is noted Y111.98/90 (50%/61.8% Y111.65-Y112.31).
Dollar-yen was last at Y112.08.

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