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Retested the earlier Asian high of.......>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Retested the earlier Asian high of Y110.65 in early Europe but again
met decent resistance here before rate drifted off to Y110.35(retesting the
earlier Asian low). Asian traders earlier in the day suggested that strong
support was seen in place toward the 50-dma at Y110.31. Rate recovered and
settled around Y110.50 through the European close. Resistance remains into
Y110.65, a break to expose stronger reported resistance from Y110.80 through to
Y111.00.  
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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