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Pressured to a low of Y110.68 in late....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Pressured to a low of Y110.68 in late Asia but again met decent
demand placed around the Y110.70 level (Y110.71 low Aug9). Strong EUR sell off
boosted the USD and bounced USD/JPY back to Y111.08. Rate currently trades
around Y111.00. EUR action in focus as market reacted into the European session
to a FT report suggesting ECB concern to EU banks' exposure to Turkey. Support
remains from around Y110.70 through to Y110.50. Resistance remains toward
Y111.20. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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