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Dollar-yen: Aug18 close Y109.14,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Aug18 close Y109.14, Aug21 Asia range Y109.16-42,
Europe Y108.90-109.29
*Euro-yen: Aug18 close Y128.38, Aug21 Asia range Y128.27-64, Europe
Y127.84-128.43
*Dollar-yen opened in Asia toward the upper side of Friday's Y108.60-Y109.60
range, where news that Steve Bannon left the Trump administration underpinned
both US rate yields and the greenback
*As markets witnessed a rather subdued session, Tokyo-fix related demand was
countered by soft Asian equities to hold a narrow Y109.16-42 range
*Consolidation spilled over into early Europe, dollar-yen traded Y109.25/30
*Persistent selling via yen crosses emerged, rate moved through the Asia low 
*Recovery efforts remained shallow, reported bids at Y109.00 were taken out to
print extended pullback lows of Y108.90
*Euro-yen extended its corrective pullback through Y128.00, touched Y127.84
before dip buyers cushioned falls. Yen pairs staged a mini-recovery late morning
to hold Y128.05/Y109.06.

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