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Rate creeps higher still, touching.......>

DOLLAR-YEN
DOLLAR-YEN: Rate creeps higher still, touching fresh session highs and moving
north of yesterday's best print. Pair is expected to meet resistance ahead of
the Y114 handle but a break above would open the 1.0% 10-dma envelope at Y114.14
and the 3% Upper Bollinger Band at Y114.28. The option expiry calendar for
Friday's NY cut is particularly busy: Y111.00($1.4bn), Y112.00($1.02bn),
Y112.99-113.00($1.67bn), Y113.60($1.17bln) and Y114.00($1bln).

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