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Opened in Asia at Y112.54 toward the.....>

DOLLAR-YEN
DOLLAR-YEN: Opened in Asia at Y112.54 toward the lower side of the Y112.30 to
Y113.15 range witnessed yesterday, where softer US rate yields and weaker
equities gave the yen the upper-hand. In the absence of any key data in Asia, US
rate yields and regional equities will continue to be sourced for direction,
Nikkei futures were last down 0.70%. It is worth noting, there are around $4
billion worth of option expires for today between Y112-113, which may act to
contain the near-term range. Support lies at Y112.22 (61.8% fib
Y111.65-Y113.15), while hourly resistance is noted in the mid-Y112.70's. 

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