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Opened in Asia at the lower side of......>

DOLLAR-YEN
DOLLAR-YEN: Opened in Asia at the lower side of yesterday's Y111.14 to Y112.50
range, where weaker US durable goods data and dovish FOMC minutes placed the
dollar on the back foot. Japanese markets are closed today for 'Labour
Thanksgiving Day' markets are expected to be subdued in their absence. Demand
has been cited on an approach to Y111.00 which fits in nicely with the technical
landscape, support lies at Y111.03 marking the 50% fib retracement on the
Y107.32 to Y114.73 rise, while hourly resistance is found in the mid-Y111.60's.
Dollar-yen was last at Y111.24.

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