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The pair continues to grind higher in....>

DOLLAR-YEN
DOLLAR-YEN: The pair continues to grind higher in light, uneventful trade,
touching fresh highs at Y113.20. Should USD/JPY continue higher, resistance is
expected at the Dec12 low of Y113.37 as well as the Dec12 high of Y113.75.
Near-term, option expiries totalling $1.91bln are due to roll off at today's NY
cut which could dictate price action in today's thin market. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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