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DOLLAR-YEN: USD/JPY deals at Y113.62, oscillating around the Y113.60 level after
slipping some 20 pips yesterday.
- Soft equity markets lent some support to the yen; otherwise, broader gyrations
in the dollar drove the pair.
- Bulls look to retake the key Y114.00 level after briefly breaking above
yesterday, which would open up the Nov 12 highs of Y114.21. On the other hand,
bears eye the 38.2% fibo retracement of the move from Y111.38 to 114.21 at
Y113.12 before targeting the 21-DMA at Y113.04.
- Japanese focus falls on the Rinban operations Friday.