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The cross sits at Y134.78 precisely in.....>

EURO-YEN
EURO-YEN: The cross sits at Y134.78 precisely in the middle of the Y134.68 to
Y134.88 range seen so far this morning. There was no discernible reaction to
upbeat Japanese data release a short time ago, Retail Sales for November came in
at 1.9% m/m, against expectations of 0.7%, while Industrial Production rose 0.6%
m/m, against consensus of 0.5%. Nikkei is not encouraging any appetite to trade,
the cash index currently trading around flat. Further range-trading seem likely
ahead of the European open. Above yesterday's new 2017 high of Y134.97, there is
a reported barrier, as usual, expect protection ahead and stops above, while
hourly support is seen around Y134.50. 

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