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Rate recovers back above Y108.00 as......>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Rate recovers back above Y108.00 as BOJ Kuroda speaks. Rate had seen
a post FOMC extended high of Y108.48 and remained buoyed around Y108.40 through
to the close and into early Asia. Japanese names were noted sellers post Tokyo
fix, triggered stops through Y108.10/00 which pressed rate down to Y107.79 but
had recovered partially to Y107.90 into Europe. Rate currently holds back above
Y108.00 but so far seen struggling to build. Traders have noted that a total of
$1.8bln of option expiries roll off today and tomorrow which may act to keep
rate anchored.  
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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