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Opened in Asia toward the lower side.....>

DOLLAR-YEN
DOLLAR-YEN: Opened in Asia toward the lower side of the Y112.48 to Y113.50 range
witnessed yesterday, where the risk-aversion theme saw the yen outperform across
the board. Japanese/foreign securities flows for the week provide the modest
event risk during the session. However, regional equities and US rate futures
will be garnered for direction. In option space, there are in excess of $6.4bn
worth of expiries between Y112.00 and Y113.50 rolling off today, that could act
to contain the near-term range. Below yesterday's base support lies at
Y112.30(Oct19 low), while hourly resistance is found at Y113.20. Dollar-yen was
last at Y112.85.

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