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Usd/Jpy opened firm in Asia, a...........>

DOLLAR-YEN
DOLLAR-YEN: Usd/Jpy opened firm in Asia, a combination of Tokyo-fix related
demand with added support from UST yields/Nikkei 225 saw the pair squeeze to
Y112.83, before fading. The rate later consolidated 5 pips either side of
Y112.65 for the balance of the session. On the topside tech resistance is seen
at Y112.86/88 (50-dma, Dec14 high), a break opens Y112.89/09 (50%/61.8%
Y113.75-112.03). On the downside, large option-expiries are noted at Y112.25/30
($1.74bn).
* Very quiet on the US calendar today. The US NY Fed Business Leaders Survey
will be released at 1330GMT.
* At 1500GMT, the US NAHB Home Builder Index will cross the wires.
* Option-expiries today: Y112.00($902mn), Y112.25-30($1.74bn), Y112.50($486mn),
Y112.65($400mn), Y113.00($466mn), Y114.00($568mn).

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