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Rise in UST yields in Asia prompted......>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Rise in UST yields in Asia prompted Usd demand, lifted Usd/Jpy from
its early low of Y108.51 to Y108.99 before momentum faltered. Rate eased off to
Y108.67 before meeting fresh demand interest which edged it back to Y108.88 in
early Europe. Asian traders have suggested sell interest placed at Y109.00
helped to cap rate in their session, though add that stronger sell interest
noted between Y109.10/20. One European trader has suggested that there has been
decent sell interest seen in Eur/Jpy between Y135.20/25 overnight which has also
provided a counter(cross currently pressuring this resistance area in early
Europe). A break of Y135.25 to expose next resistance at Y135.50. Usd/Jpy demand
noted into Y108.50 ahead of Friday's low of Y108.28. .  
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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