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Usd/Jpy: Dec6 close Y112.20, Dec7.......>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Dec6 close Y112.20, Dec7 Asia range Y112.22-51, Europe
Y112.51-69
*Eur-Jpy: Dec6 close Y132.36, Dec7 Asia range Y132.39-74, Europe Y132.66-91
*Usd/Jpy lifted from Y112.22 to Y112.49 in early Asia with both UST yields and
Japanese equities supportive of the move
*Supply from North Asia accounts emerged off the high, rate eased to Y112.35 and
consolidated for the balance of the session
*Usd/Jpy opened firm in Europe, rate moved through the Asia high to hold around
the Y112.60/65 area before second wave demand squeezed to Y112.69
*Macro supply is reported on approach to Y112.80, opening tech resistance at
Y112.82/87 (50-dma, Dec5 high)
*Eur/Jpy barely moved in early Europe, soft German Industrial Production data
was countered by stronger revisions to hold Y132.70/75
*The cross later tracked Usd/Jpy to Y132.91, before fading. Yen pairs last
Y112.66/Y132.84.

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