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Dollar-yen: Aug14 close Y109.66,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Aug14 close Y109.66, Aug15 Asia range Y109.61-110.28,
Europe Y110.25-48
*Euro-yen: Aug14 close Y129.23, Aug15 Asia range Y129.08-92, Europe
Y129.48-130.04
*Risk-appetite was again on the rise in Asia. Reports that N Korea had decided
not to launch missiles at Guam with added Trump reports that he is to sign an
executive order on infrastructure tomorrow, encouraged yen weakness
*The dollar rose steadily from the mid-Y109.70's to Y110.00, Tokyo-fix related
demand squeezed to Y110.23. Late demand from Japanese banks spilled over into
Europe triggering reported stops on the break of Y110.35
*Minor reversal encountered fresh dip buyers ahead of Y110.25, rate squeezed to
Y110.48 before momentum faded to consolidate for the balance of the session
*Euro-yen made a brief show back above Y130.00 but was quick to pare gains
following the soft German Q2 GDP release
*persistent euro-dollar supply weighed, rate touched pullback lows of Y129.48
before staging a mini recovery to the Y129.80/85 area.

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