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The early morning surge in Euro-dollar.....>

EURO-YEN
EURO-YEN: The early morning surge in Euro-dollar has seen the cross vault over
Friday's Y130.4 to post a top so far of Y130.77. Traders say, the market went
into Jackson Hole expecting Draghi to talk down the Euro, when he failed to make
any reference to Euro strength bulls returned with a vengeance. There is no
significant economic data or scheduled events in Asia in influence trading,
direction will likely be sourced from regional equities, Nikkei futures
currently +0.10%. Initial resistance is found at Y130.83/87 (Aug8-7 highs),
while hourly support is seen at Y130.25. Euro-yen was last at Y130.62 

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