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Trading toward the upper side of the.....>

DOLLAR-YEN
DOLLAR-YEN: Trading toward the upper side of the Y112.52 to Y112.70 range seen
so far. Nikkei is a mild negative opening lower by 0.27%, the cash index since
extending losses modestly to currently trade -0.34%. Demand is expected into
today's Tokyo-fix (Gotobi day). There is close to $4 billion of option expiries
today between Y112.00 and Y113.00, that may act to contain the near-term range. 
Hourly resistance is noted in the mid-Y112.70's, further resistance lies at
Y112.82 (61.8% fib on yesterday's Y113.15-Y112.30 decline). Dollar-yen was last
at Y112.64.

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