Dollar-yen: Aug30 close Y110.31,........>

YEN SUMMARY: Dollar-yen: Aug30 close Y110.31, Aug31 Asia range Y110.19-61,

Europe Y110.41-62

*Euro-yen: Aug30 close Y131.17, Aug31 Asia range Y130.94-131.44, Europe

Y131.19-58

*Model accounts were the buyers that pushed the dollar up from near Y110.20 to

Y110.54 in early Asia, same names were also said to be buying Euro-yen

*With dips shallow and limited to Y110.36, the dollar continued its upward trend

to Y110.61 before light profit take sales emerged off the high to hold either

side of Y110.50 

*UST yields firmed into Europe, the dollar managed to grind out a fresh high of

Y109.62

*Euro-yen also started on a firmer tone and moved through the Asia high, demand

from momentum type accounts/eur-stg extended to Y131.48 before fading

*Minor pullback encountered willing dip buyers in the Y131.25/30 area 

*The release of stronger than forecast headline EZ CPI (Core in-line), provided

the added lift to print fresh highs of Y131.58 before easing.