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Pullbacks have so far remained shallow.....>

EURO-YEN
EURO-YEN: Pullbacks have so far remained shallow this morning as Eur/Jpy holds
near the peak of its Y132.16-87 daily range. Light offers are reported ahead of
Y133.00 (Y132.91 - 50% Y133.76-132.06), a break opens Y133.11/36 (61.8%/76.4%
Y133.76-132.06). Focus turns to the release of euro area final November HICP
data at the top of the hour, which is expected to be unchanged on the flash
reading. Eur/Jpy last Y132.84.

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