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Dollar-yen: Aug15 close Y110.52,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Aug15 close Y110.52, Aug16 Asia range Y110.55-77,
Europe Y110.62-95
*Euro-yen: Aug15 close Y129.74, Aug16 Asia range Y129.75-130.02, Europe
Y129.61-130.40
*Japanese accounts, similar to yesterday were the early buyers in Asia,
dollar-yen edged higher from Y110.55 to Y110.70 before easing
*Post Tokyo fix demand squeezed to Y110.77, but soon faded
*Yen crosses again provided the appetite into Europe. Dollar-yen lifted to
Y110.95 before meeting resistance from the 38.2% Y114.49-108.74
*Euro-yen made a show back above Y130.00, this triggered persistent demand from
momentum type accounts to Y130.40
*ECB Source comments hit the wires that Draghi will not discuss any new policy
measures at Jackson Hole. Rate sharply reversed back under Y130.00, second wave
sales touched pullback lows of Y129.61
*Strong UK employment data aided the recovery via stg-yen to hold Y130.10/15
*Focus on FOMC minutes (1800GMT) for direction. Yen pairs last Y110.88/Y130.13.

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