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Recovery off Wednesday's low of..........>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Recovery off Wednesday's low of Y111.39 extends slightly above the
earlier Asian high of Y111.73 to Y111.74 at writing, with rate holding firm.
Minor resistance expected from around Y111.85 through to the Y112.00 level
(Y111.85-97 61.8%-76.4% Y112.15-111.39), with the Y112.00 level holding the
strike of an expiring option for today's NY cut, $1.85bn, which could provide
add some resistance ahead.  
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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