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Usd/Jpy: Dec26 close Y113.18, Dec27.....>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Dec26 close Y113.18, Dec27 Asia range Y113.17-36, Europe
Y113.16-38
*Eur-Jpy: Dec26 close Y134.25, Dec27 Asia range Y134.20-49, Europe Y134.29-76
*Usd/Jpy opened in Asia toward the middle of Tuesday's narrow Y113.12-35 range
where consolidation was broadly the theme in holiday ravaged Christmas markets
*The pair eased modestly to Y113.17 in early trade, before Tokyo-fix related
demand surfaced to push the dollar up to Y113.36
*Once the fix was concluded, the rate drifted throughout the session to hold
either side of Y113.20
*Moderate dollar sales kept the dollar defensive into Europe, Usd/Jpy touched
extended lows of Y113.15
*Dip buyers cushioned, broad-based yen supply emerged, rate squeezed to Y113.38
before fading
*Eur/Jpy initially held Y134.29-54 before the earlier mentioned yen weakness saw
the cross spike to Y134.76
*Focus on US Consumer Confidence & Pending Home Sales at 1500GMT.

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