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FOREX

China Data In Awaited

JAPAN DATA

Japan May Exports +49.6% Y/Y; 3rd Monthly Rise

US TSYS

Flat Start

US EURODLR FUTURES

EDN1 Given

DOLLAR-YEN
DOLLAR-YEN: Since the Tokyo-fix the dollar has eased lower to Y112.61, the
chatter from some traders is the move is being led by yuan appreciation, giving
the dollar a modest offered feel against its peers. Surprising really, with UST
yields and Nikkei both firmer. Traders also mention a number of option expiries
for this week between Y112-Y113, the amounts are said to be in excess of $22
billion and maybe acting to contain the near-term range. Support is seen at
Y112.51 (hourly low), while hourly resistance from Oct6 lies at Y112.89.
Dollar-yen was last at Y112.67.