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The cross holds Y132.69 at the upper.......>

EURO-YEN
EURO-YEN: The cross holds Y132.69 at the upper side of the rather tiny
Y132.59-74 range seen so far, where consolidation has been the theme. Nikkei is
mildly supportive, the cash index currently up 0.2%, but unless China bourses
dictate otherwise, further range-trading looks likely ahead of the European open
and release of German IFO data. Option related supply has been touted around
Y133.00, with key-resistance then seen at Y133.11 (61.8% fib Y133.76-132.06
decline), while initial support is located at Y132.55 (Hourly low). Euro-yen was
last at Y132.67.

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