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Reported resistance into Y107.80 kept....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Reported resistance into Y107.80 kept topside capped at Y107.77 in
earlier Asian trade with rate able to retreat through the rest of the day to a
low of Y107.38 as the USD came under risk related pressure. Traders aware that
the Y107.45-55 area holds the strikes of a total of $4.0bln option expiries for
Wednesday/Thursday this week which could help to keep rate anchored close by.
Support is seen into Y107.33 ahead of Y107.10/00. Resistance Y107.80 with decent
resistance suggested all the way through to Y108.20. 
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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