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Dollar-yen: Europe open Y111.54,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Europe open Y111.54, Europe range Y111.50-89, NY open
Y111.78, range Y111.75-112.48
*Firming US Tsys yields and falling commodities witnessed broad based dollar
demand in early NY, saw the rate print fresh intraday highs of Y111.95.
*The dollar continued to gain ground following rising US Tsys yields and XAU
falling has seen the rate rise to fresh intra-day highs of Y112.23.
*The pair started to fall back from its intra-day high  of Y112.23, as ECNS were
reported selling pushing the rate towards Y112.10.
*Broad based dollar demand, following remarks from President Trump
over his tax plan and working with congress has seen the rate print a fresh
highs of Y112.30. 
*A hawkish tone from the FED's Yellen comment "HIKING TOO SLOWLY RISKS
OVERHEATED LABOR MKT" has seen the dollar spike to fresh daily highs of Y112.48,
before slipping back towards Y112.25.
*The rate remained in consolidation mode into the NY close with the rate trading
between Y112.15-25.

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