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Rate accelerates on the move through.....>

DOLLAR-YEN
DOLLAR-YEN: Rate accelerates on the move through the earlier session highs to
touch Y111.41, prompting USD strength across the board (and fresh lows for both
EUR/USD and GBP/USD). Resistance seen on an approach into the Y111.58 mark
(38.2% fib retracement level for the Y113.17-110.59 move). While there's little
option interest due either today or tomorrow at nearby levels, markets may begin
to focus on the Y112.50 option expiry due at Wednesday's NY cut for direction
should spot continue to drift higher.

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