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Dollar-yen: Aug3 close Y109.94, Aug4....>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Aug3 close Y109.94, Aug4 Asia range Y109.85-110.19,
Europe Y110.03-18
*Euro-yen: Aug3 close Y130.56, Aug4 Asia range Y130.51-85, Europe Y130.73-88
*The soft dollar theme continued in early Asia, rate slipped back under Y110.00
to post a new low of Y109.85
*Demand in the Y109.80's reportedly from Japanese Asset managers provided solid
support and the dollar began to edge a little higher
*Tokyo-fix related demand extended the recovery to Y110.19 but soon faded
*The quiet theme spilled over into Europe, traders reported of continued light
volumes tied to a very narrow Y110.03-18 range
*A break of the Asia low opens a deeper move toward Y109.71/63 (55-WMA, 76.4%
Y108.13-114.50), system stops behind through Y109.50
*Euro-yen also remained in consolidation mode, rate held near the peak of its
Y130.51-88 daily range with light offers reported at Y131.00 
*Main focus today on US Non-Farm Payroll data, scheduled for release at 1230GMT.
Yen pairs last Y110.09/130.84.

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