Dollar-yen: Europe open Y112.25,........>

YEN SUMMARY: Dollar-yen: Europe open Y112.25, range Y112.23-69, NY open Y112.69,

range Y112.75-113.05

*The rate took out reported offers through Y112.50, gains extended to Y112.69

just ahead of the NY open.

*As US Tsys yields firmed at the NY open, the rate went onto print a fresh

intraday high of Y112.82.

*Persistent demand interest took out the reported offers through

Y112.90, touched Y112.93 before fading.

*A spike in US Tsys yields and a drop in precious metals witnessed the

rate jump to fresh intraday highs of Y112.98.

*Broad based dollar demand, as US Tsys yields continued to lead the

dollar, saw the rate break the resistance at Y113.00, printing a fresh intraday

high of Y113.05.

*The dollar slowly pared back its earlier gains, after printing a fresh session

high of Y113.05 with the rate dropping towards Y112.90.