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Tokyo fixing demand was countered........>

DOLLAR-YEN
DOLLAR-YEN: Tokyo fixing demand was countered overnight to hold near the lower
end of its Y108.08-24 range. Recovery efforts have so far remained shallow with
support expected on approach to Y108.00. A reminder that this level also holds
very large Y107.90/00 ($1.45bln) optional-expiry interest for today's NY cut. A
downside break opens Y107.75 which represents the 50% retracement of
Y107.21-108.29. Last Y108.08.   

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