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Dollar-yen: Aug7 close Y110.72, Aug8....>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Aug7 close Y110.72, Aug8 Asia range Y110.54-81, Europe
Y110.53-65
*Euro-yen: Aug7 close Y130.58, Aug8 Asia range Y130.59-83, Europe Y130.52-64
*Dollar-yen opened flat in Asia, early dealings were reported light tied to a
narrow 10 pip range
*As soft Japanese equites started to pressure, the rate continued to pare
Friday's NFP gains
*Dollar-yen slipped from Y110.81 to Y110.54 and held near the base for the
balance of the session
*The quiet theme spilled over into Europe, topside gains were capped ahead of
Y110.65
*Cross supply emerged, rate eased to fresh lows of Y110.53 but soon faded
*Euro-yen reversed of its Asia high (Y130.83) in tandem with the dollar to
Y130.54, before dip buyers cushioned ahead of Europe
*Recovery efforts remained shallow, rate touched pullback lows of Y130.52 but
lacked follow through. Yen pairs last Y110.56/Y130.58.

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