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Dollar-yen: Aug29 close Y109.66,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Aug29 close Y109.66, Aug30 Asia range Y109.55-92,
Europe Y109.75-110.17
*Euro-yen: Aug29 close Y131.25, Aug30 Asia range Y131.13-64, Europe Y131.18-71
*Dollar-yen drifted lower to Y109.55 in early Asia, Tokyo-fix related demand
took hold and with added support via the crosses touched highs of Y109.92
*Once that interest had concluded, the rate eased lower to hold Y109.65/75 for
the balance of the session
*Dollar-yen opened firm in Europe, initially stalling ahead of Y109.95, second
wave demand made a show back above Y110.00
*Momentum type accounts triggered stops through Y110.05, gains extended to
Y110.17 before fading
*Euro-yen remained elevated in early trade. Strong German Saxony CPI release
provided the added lift to print fresh 18-month highs of Y131.71
*Pullback off the high touched Y131.18, dollar-yen eased to the Y109.85/90 area.

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