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USDJPY last trades 5 pips higher at......>

DOLLAR-YEN
DOLLAR-YEN: USDJPY last trades 5 pips higher at 109.10, as it continues to
operate in a narrow range with Japan observing the Showa Day holiday.
- The cross has registered a high of 109.18, with chatter of exporter offers
scattered between 109.20-50, while there is talk of bids from 108.95.
- It is worth noting that there is some $1.5bln worth of 109.00 option expires
set to roll of at today's 10AM NY cut.
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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