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Recovery off Monday's Asian low of.......>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Recovery off Monday's Asian low of Y107.77 faltered at Y108.51, the
rate again meeting resistance here during Asian trade Tuesday with rate easing
back to Y108.26 in early Europe. However, rate has managed to recover to
Y108.40. USD/JPY remains the main barometer for risk with developments in the
current US-Iran situation seen driving. 
- Resistance at and above Y108.50(38.2% Y109.68-107.77), further resistance
noted at Y108.63-64(Jan03 high/200-dma). Support noted at Y108.25/20, stronger
into Y108.00. 
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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