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Retains a buoyant tone after the.........>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Retains a buoyant tone after the European close, the rate having
earlier moved above its 200-dma (Y111.50) as rate continued its recovery off its
Wednesday pre FOMC Minutes low of Y110.84 to a high of Y111.64 at writing. Next
resistance seen at Y111.82/90 ahead of Y112.00. The stand out option expiry for
Friday's NY cut seen at Y111.95-112.00 for $1.02bn. Support now provided by the
broken 200-dma at Y111.50 ahead of Y111.00 then Y110.85/75. USD seen boosted by
the release of better than forecast US PPI along with strong Weekly Jobless
Claims. 
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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