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USD/JPY stuck to narrow range either.....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY stuck to narrow range either side of Y111.50 on Wednesday,
struggling for direction, last Y111.45.
- Bulls look for a close above downtrend resistance (Y111.58), which would allow
them to target the Aug 29 high (Y111.83). Bears continue to target the 100-DMA
(Y110.46).
- Focus remains on this week's Rinban operations and a speech from BOJ's
Kataoka, scheduled for later today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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