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USD demand through the 1600BST fix.......>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: USD demand through the 1600BST fix provided the late counter for a
rate that had been slipping steadily through the day, touching a low of Y106.65
before rallying back toward Y107.00 into the European close (high Y106.95)
finding support around Y106.90 in late trade. Resistance remains into Y107.00, a
break to expose the earlier high of Y107.26 ahead of stronger interest into
Y107.40/50. Support Y106.65, Y106.50. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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