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Dollar-yen: Aug2 close Y110.67, Aug3....>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Aug2 close Y110.67, Aug3 Asia range Y110.58-83, Europe
Y110.56-75
*Euro-yen: Aug2 close Y131.18, Aug3 Asia range Y130.89-131.33, Europe
Y130.91-131.20
*Dollar-yen opened firm in Asia, Japanese names were the early buyers to Y110.83
*As regional equities opened lower and slipped further into the red, the dollar
followed suit
*Yen crosses (predominantly eur-yen) added further weight to Y110.58, before dip
buyers cushioned to hold Y110.60-75 for the balance of the session
*Soft UST yields triggered fresh dollar sales into Europe, dollar-yen moved
through the Asia low to Y110.56 before fading
*Euro-yen tracked the dollar with a reversal off early highs to Y130.99
*The release of mixed EU Services PMI readings (Italy & France stronger, Germany
weaker, EZ flat) saw minor react, euro-yen held Y130.90-131.05
*Despite thin volumes and narrow range trade, yen pairs staged minor recoveries
to hold Y110.64/Y131.07 ahead of the NY open.

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