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Opened at Y113.98 toward the upper.......>

DOLLAR-YEN
DOLLAR-YEN: Opened at Y113.98 toward the upper side of the Y113.34 to Y114.08
range witnessed yesterday, where higher UST yields and favourable US tax reform
developments, placed the dollar on the offensive. Japanese inflation data
provides the event risk for the session, CPI excluding fresh food and energy,
the BoJ's favourite inflation measure, is expected to rise by 0.2% in September.
Key resistance lies at Y114.33 (61.8% Y118.66-Y107.32), while hourly support is
seen near Y113.70. There are also a couple of close-by option expiries for today
at Y114.00($1.42bn) and Y114.42-50($1.53bn), that may act to contain the
near-term range,

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