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The dollar opened in Asia at Y112.45.....>

DOLLAR-YEN: The dollar opened in Asia at Y112.45 toward the middle of the
Y111.99 to Y112.88 range witnessed yesterday, where uncertainties over the Trump
tax plan weighed on the dollar. In Japan, Core Machine Orders for August provide
a modest event risk, expectations are for a 1.0% m/m and 0.7% y/y. Direction
will likely be garnered from regional equities, Nikkei futures were last at
-0.10%. In option space, an expiry for today at Y112.80 ($1.28bn) could help
contain the near term range. Initial resistance is located at Y112.51 (61.8% fib
on yesterday's decline), while hourly support is found at Y112.12.

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