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Dollar-yen: Europe open Y112.34,........>

YEN SUMMARY: Dollar-yen: Europe open Y112.34, range Y112.21-43, NY open Y112.34,
range Y112.16-Y112.45
*As UST yields started to recover, dollar-yen pared morning losses to
hold around the Y112.35/40 area in late European trade.
*Felt the weight of stg-yen on extended react to the earlier EU
Barnier impasse comment. Having earlier touched Y112.43, slippage extended to
Y112.30/35 in early NY open.
*Received  a minor lift to Y112.42 on the release of well received US
Jobless Claims/PPI Food & Energy data. The move lacked follow through, pared
light gains to hold Y112.30/34
*Minor reversal to Y112.30 encountered fresh dip buyers in tandem
with firming UST yields, rate squeezed to Y112.45
*A fresh wave of dollar pressure, as rumors of an earth quake in NK
which USGS cant confirm whether natural or man made, has seen the rate drop to a
fresh intraday low of Y112.13. Pressure eased with no further comments on NK
quake, as the rate grinded towards Y112.25.

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