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Usd/Jpy continues to search for..........>

DOLLAR-YEN
DOLLAR-YEN: Usd/Jpy continues to search for direction with the pair held to a
narrow Y111.29-54 range in recent trade. Key support seen at Y111.00 (Y111.04/03
- 1.618% swing of Y112.03-113.64, 50% Y107.32-Y114.73), opening a deeper move
toward Y110.84 (Nov27 low). Hourly resistance noted at Y111.72 which also holds
the 200-dma, Looking further out, the US calendar tomorrow brings the release of
Weekly Jobless Claims & PPI at 1330GMT. Fed's Dudley is scheduled to speak on
the US Economic Outlook at 2030GMT. Usd/Jpy last Y111.46. 

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