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Bear Steepening In Asia


Bear Flag Breakout


(M2) Gains Considered Corrective


(M2) Trades Through Trendline Resistance


(N2) Remains Below Resistance

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DOLLAR-YEN: The dollar gets an added lift back through Y110.00, gains extend to
Y110.07 before stalling ahead of resistance from the 76.4% daily (Y110.09).
Reminder today of the very large $2.0bn optional-expiry interest at Y109.95-05
for the NY cut. Tech resistance at Y110.22/31 (Asia high, 50% Y110.95-109.67).  

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