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UST yields largely supported (10y........>

DOLLAR-YEN
DOLLAR-YEN: UST yields largely supported (10y above 2.60) in the European
morning as Usd/Jpy was held to a narrow Y111.10-48 range. Focus turns to US data
at the bottom of the hour from Weekly Jobless Claims, Building Permits and Phila
Fed. The level of initial jobless claims is expected to fall by 11,000 to
250,000 in the January 13 employment survey week, reversing the 11,000 gain in
the previous week, which marked a third straight increase. The Philadelphia Fed
reading is forecast to dip to a reading of 25.0 after rising to a revised 27.9
in the previous month. Usd/Jpy last Y111.25. 

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