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Dollar-yen: Aug8 close Y110.34, Aug9....>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Aug8 close Y110.34, Aug9 Asia range Y109.74-110.36,
Europe Y109.66-110.08
*Euro-yen: Aug8 close Y129.65, Aug9 Asia range Y128.72-129.76, Europe
Y128.61-129.37
*Risk aversion was the main theme overnight amid raised rhetoric from President
Trump and the North Korean military
*Japanese equities came under intense selling pressure, dollar-yen triggered
stops through Y110.00 and Y109.85 to print near 2-mth lows of Y109.74
*Euro-yen demand supported the dip, recovery efforts extended into Europe, rate
squeezed to Y110.08 before fading
*Sharp eur-chf sales triggered fresh risk-off. Dollar-yen took out the Asia low,
triggered stops through Y109.70 to print Y109.66
*Euro-yen made a show back under Y129.00, touched Y128.61 before meeting
reported demand ahead of Y128.60. The underlying tone remains heavy, yen pairs
last Y109.70/Y128.74.

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