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Opened in Asia toward the middle of......>

DOLLAR-YEN
DOLLAR-YEN: Opened in Asia toward the middle of the Y111.99 to Y112.64 range
witnessed yesterday, where safe-haven flows underpinned the yen. The focus will
likely be on regional equity market after the sharp falls seen yesterday, Nikkei
225 closed down 1.97%. Initial resistance lies at Y112.41 (38.2% fib
Y113.09-Y111.99), while demand is again reported around Y112.00, with technical
support seen just below at Y111.97 (50% fib Y110.84-113.09). Dollar-yen was last
at Y112.26.

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