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Under early pressure in tandem with........>

EURO-YEN
EURO-YEN: Under early pressure in tandem with dollar-yen (WP story on US corp
tax), the cross was quick to make a show under Y132.00 with slippage extending
to Y131.80. Dip buyers emerged off the low, rate squeezed to Y132.00 but with
lack of follow through held either side of Y131.95 for the balance of the
session. A break of the Asia low opens reported bids through Y131.50/40
(Y131.51/46 - Oct31, Oct30 lows). Resistance remains at Y132.14 (Asia high),
ahead of Y132.31/42 (38.2% Y133.12-131.86, Nov7 high). Euro-yen last Y131.97. 

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