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

YEN SUMMARY
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.

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