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USD/JPY retains a firm tone in late NY...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: USD/JPY retains a firm tone in late NY trade with rate backa bove
Y110.90 and looking set to retest earlier high of Y110.93. Suggestions earlier
in the week of exotic option interest at Y111.00, which could attract as well as
as draw protective sales ahead, a break to bring the Dec28 high & 200-dma into
view at Y111.03/29. Behind here and the Dec26-27 highs of Y111.37 become
exposed. Support now noted at Y110.80/75. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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