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Usd/Jpy: Dec28 close Y112.84, Dec29.....>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Dec28 close Y112.84, Dec29 Asia range Y112.69-97, Europe
Y112.55-75
*Eur-Jpy: Dec28 close Y134.78, Dec29 Asia range Y134.55-93, Europe Y134.66-96
*Usd/Jpy opened in Asia toward the lower end of yesterday's Y112.67-Y113.35
range where broad-based dollar weakness was the overriding theme
*The rate opened flat in Asia, early dealings were reported light held to a
narrow Y112.86-97 range
*Post-fixing supply from reported Japanese exporters started to pressure, rate
slipped to Y112.67
*The dollar selling theme linked to month, quarter and year-end continued into
Europe. Recovery efforts remained shallow as the pair eased to Y112.55
*Light demand is reported at Y112.50, opening Y112.30 (50% Y110.84-113.75)
*Eur/Jpy initially weighed by the dollar held Y134.66-76. Despite a stronger
Saxony CPI reading, weak Spanish inflation numbers countered
*As Eur/usd started to break higher, Eur/Jpy tracked the move to Y134.97 before
meeting strong supply ahead of the Y135.00 barrier.

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