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Rate still well anchored close to the....>

DOLLAR-YEN
DOLLAR-YEN: Rate still well anchored close to the Y107 handle, with a raft of
options set to expire at the turn of the hour: Y107.18-20($1.63bn),
Y107.30($300mn). Rate may drift higher after the NY cut given the continued
strength in US equity markets. S&P500 still trades with gains of close to 1% and
USD/JPY sits broadly flat as the usual correlation between the two broke down
today.

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