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DOLLAR-YEN: Rate barely budges on ADP numbers despite a stronger-than-expected
headline and positive revisions to June's reading. Rate lies broadly flat and
just below the Y112 level with support remaining at, firstly, the day's low of
Y111.71 before yesterday's hourly low of Y110.75. There remains a slew of option
expiries due tomorrow and Friday totalling $3.2bln at the Y112 handle, which may
anchor price action for now.