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Coming up in the Asia-Pac session on Friday:


Coming up in the Asia-Pac session on Friday:


Consolidation Mode


Maintains A Bullish Tone

YEN SUMMARY: *Oct30 Dollar-yen open Y113.65, range Y113.53 to Y113.84
*Dollar-yen opened in Asia toward the lower side of the Y113.65 to Y114.45 range
witnessed on Friday, where after being on the front foot for most of the
session, the US dollar trimmed gains late in the day amid reports that Trump is
leaning towards Powell for Fed chair position
*Shortly after the Tokyo open, dollar-yen moved higher from Y113.67 to Y113.84,
with reports of Japanese Trust demand and Tokyo-fix related buying.
*Post-fix, dollar eased from near Y113.75 to YY113.53, with lower US rate yields
and weaker Japanese equity seen to weigh
*For the balance of the session the pair consolidated in a tight Y113.55 to
Y113.61 range
*Support is now seen at Y113.38/34, the level holds 38.2% fib Y111.65-Y114.45
and Oct26 low, while hourly resistance is noted at Y114.00