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Picking up talk of decent demand.........>

MNI (London)
DOLLAR-YEN: Picking up talk of decent demand lurking in Usd/Jpy, though so far
not influencing the rate back toward the earlier high of Y106.94, seemingly
happy to hold around Y106.70. Japanese life companies also said to have decent
demand interest in Jpy crosses that adds to the buoyancy. Suggestion that a
break of Y107.00 could propel rate higher, though may need the large Y107.00
expiry($4.14bn) to roll off first to open the way.
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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