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

DOLLAR-YEN
DOLLAR-YEN: Opened in Asia toward the upper side of the Y113.24 to Y113.69
range, where consolidation was largely the theme in European and US markets.
Japanese PPI provides a modest event risk during the session, consensus is for
0.2% m/m and 3.3% y/y. Regional equities will likely be garnered for direction
on the session, Nikkei futures were last down 0.1%. Key-resistance lies at
Y113.81 (76.4% fib retracement Y114.73-110.84 decline), while hourly support is
located at Y113.24.

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