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Saw an extended high of Y112.77 in.......>

MNI (London)
DOLLAR-YEN: Saw an extended high of Y112.77 in earlier Asian trade, the move
running into reported resistance toward Y112.79(Jan10 high) before easing back
to Y112.56 in early Europe. USD seen in demand in other majors but EUR/JPY
tracking EUR/USD slippage keeps downside pressure on USD/JPY. A move above
Y112.80 to expose Y113.00. Weak suggestion the Y113.00 level could hold option
linked sell interest. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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