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Usd/Jpy: Dec13 close Y112.51, Dec14.....>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Dec13 close Y112.51, Dec14 Asia range Y112.53-79, Europe
Y112.57-88
*Eur-Jpy: Dec13 close Y133.00, Dec14 Asia range Y133.08-51, Europe Y133.14-48
*Shortly after the opening of Tokyo markets, Usd/Jpy climbed higher from Y112.53
to Y112.79, Japanese names were the reported buyers, with some speculation that
domestic life companies were selling yen against both euro and dollar
*Once that particular interest was concluded, the dollar drifted to the
Y112.55/60 area
*As firmer UST yields supported throughout the European morning session, Usd/Jpy
lifted from Y112.57 to Y112.88
*Initially supported via Usd/Jpy, strong euro area mfg PMI readings saw Eur/Jpy
squeeze to Y133.48 before stalling ahead of resistance from the Asia high
*Yen pairs later drifted to Y112.75/Y133.25 as main focus turns to US data from
Retail Sales and Weekly Jobless Claims at 1330GMT. Retail sales are forecast to
rise by 0.3% in November after a modest 0.2% increase in October. The level of
initial jobless claims is expected to rise by 3,000 to 239,000.

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