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Souring risk appetite with regional......>

DOLLAR-YEN
DOLLAR-YEN: Souring risk appetite with regional equities deep in negative
territory, Nikkei now down 2.0%, continues to underpin the yen, the rate falling
to a fresh low of Y112.11. Demand was reported earlier around Y112.00, which
fits in nicely with the technical picture, Y111.97 marks the 50% Fibonacci
retracement on the Y110.84 to Y113.09 rise. In option space, there are few
close-by option expiries that roll off today; Y111.75-80($1.12bn),
Y112.00($598mn) and Y112.25-30($633mn), that may act to contain the near-term
range. Dollar-yen was last at Y112.16.

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