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*Aug31 Dollar-yen open Y110.24, range...>

YEN SUMMARY
YEN SUMMARY: *Aug31 Dollar-yen open Y110.24, range Y110.19 to Y110.61
*Dollar-yen opened in Asia toward the upper side of yesterday's Y109.55 to
Y110.44 range, upbeat US data, with ADP and Q2 GDP well above expectations,
placed the dollar on the front foot
*Model names were the principal buyers that pushed the dollar up from near
Y110.20 to Y110.54, same names were also said to be buying Euro-yen.
*Dips were shallow and limited to Y110.36, another round of dollar buying pushed
the rate to a fresh high of Y110.61
*For the balance of the session the dollar consolidated mostly in the Y110.50's
*Resistance is noted at Y110.65, which marks 38.2% fib retracement on Y114.49 to
Y108.27 decline, while initial hourly support lies at Y110.36/19 

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