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Seen edging back toward Y111.50, from....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Seen edging back toward Y111.50, from an earlier low of Y111.31, as
markets adjust positions ahead of FOMC at 1800GMT. Rate had seen a high earlier
in Asia of Y111.69 on Goto-bi day linked demand at the Tokyo fix, drifting lower
after that buy interest faded. FY end in Japan expected to help provide a cap in
USD/JPY, with strong resistance noted between Y111.90/112.00. Support Y111.00
ahead of Y110.80/70. 
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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