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Dollar-yen: Aug9 close Y109.95, Aug10...>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Aug9 close Y109.95, Aug10 Asia range Y109.90-110.18,
Europe Y109.90-110.06
*Euro-yen: Aug9 close Y129.27, Aug10 Asia range Y128.95-129.56, Europe
Y128.70-129.18
*Dollar-yen eased modestly from Y110.07 to Y109.90 in early Asia as N Korea
continued with its diatribe
*Tokyo-fix related demand emerged, rate squeezed to Y110.18 before fading
*As Asian equities all moved into negative territory, supply largely in euro-yen
then saw the dollar pare gains to Y109.90
*The quiet theme spilled over into Europe, dollar-yen traded a narrow range
*As the pair struggled to build above Y110.00, pressure remained toward the
downside. Rate tracked Nikkei futures throughout the morning to re-test the area
of earlier lows. Persistent supply eventually triggered algo stops on the break
of Y109.90 to print Y109.84
*Euro-yen traded either side of Y128.90 in early Europe, before momentum type
accounts triggered fresh supply to Y128.70. Yen pairs last Y109.84/Y128.73.
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