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Dollar-yen: Europe open Y112.67,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Europe open Y112.67, range Y112.27-112.71, NY open
Y112.41, range Y111.99-112.48
*The dollar under renewed selling pressure (eur-usd through $1.1800)
extended to fresh daily lows of Y112.27 in late European morning.
*As US Tsys yields firmed at the NY open, the rate grinded towards Y112.50.
*Following a sharp spike in eur/usd, the rate followed suit, with
the pair dropping to a fresh intraday low of Y112.16 before losing momentum.
*As US Tsys yields dropped sharply, the rate followed suit with the
rate dropping to fresh intraday lows of Y111.99.
*A bounce in US Tsys yields witnessed the rate grind back towards Y112.20.
*A further bounce in US Tsys yields witnessed the rate grind towards Y112.30
into the NY close.  

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