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Restricted to a relatively tight range...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Restricted to a relatively tight range of Y109.41-57 with Asian
traders commenting that upside seen facing stiff, option linked, resistance into
Y109.80 and Y110.00. Initial support seen into Y109.40, stronger between
Y109.25/20. Large option expiry interest noted for Friday's NY cut, $2.67bln set
to roll off which could keep rate anchored close by. A break of Y110.05 likely
to aid any breakout hopes. 
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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