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The dollar continued firm in Asia,.......>

DOLLAR-YEN
DOLLAR-YEN: The dollar continued firm in Asia, Tokyo-fix related demand with
added support from Japanese Trust names saw the rate lift to Y114.26, before
fading. Consolidation remained the theme with tech resistance seen at Y114.33
(61.8% Y118.66-107.32), a break opens a move toward the key Y114.49/50 area
(Jul11 high, Market stops). US data highlights today from GDP at 1230GMT.
Analysts expect GDP to rise 2.7% in the advance estimate for the third quarters,
only slightly below the 3.1% increase in the second quarter. Analysts will watch
closely to see the impact of the hurricanes in August and September. The key
drivers are expected to be an auto-related boost in PCE and an improved net
export gap, offset by softer inventories and fixed investment. Michigan
Sentiment Index follows at, the index is expected to be revised only slightly
lower to a reading of 101.0 from the 101.1 preliminary estimate, keeping it well
above the 95.1 reading in September. Dollar-yen last Y114.19. 

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