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USD/JPY last deals at Y113.58,...........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last deals at Y113.58, sticking to a tight range after
closing Monday 64 pips higher on the day as the yen underperformed all of its
G10 peers amidst broader risk on flows with benchmark U.S. stock indices
registering gains after an especially poor Thanksgiving week. This occurred
after JPY came under pressure from disappointing Japanese m'fing PMI in early
Asia-Pac dealing Monday, as the figure indicated the slowest growth in 2 years
and allowed JPY to jump back onto the Y113.00 handle.
- Initial resistance is located at the Nov 16/15 highs of Y113.65/71 and a break
above would open up the psychologically significant Y114.00 level. Meanwhile,
bears eye the 21-DMA at Y113.29 before targeting the 50-DMA at Y113.01. 
- Japanese focus this week falls on Tokyo CPI, industrial production & labour
mkt data all due Friday, as well as BoJ Rinban ops. Elsewhere, BoJ's Masai will
speak on Thursday.

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