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Dollar-yen: Europe open Y113.15,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Europe open Y113.15, range Y112.93-113.20, NY open
Y113.01, range Y112.70-Y113.13
*Continued to pare European morning gains in tandem with soft UST yields. Rate
touched pullback lows of Y112.94, before bouncing back over Y113.00 into the NY
open.
*A bounce in US Tsys yields witnessed the rate jump to Y113.13, before momentum
faded.
*The dollar under renewed selling pressure in tandem with UST yields
dropping sharply, witnessed the rate crash to Y112.81.
*Further pressure on the dollar, as US Tsys yields continued to fall witnessed
the rate drop to Y112.70. The pair met demand bouncing back towards Y112.85.
*A small bounce in the dollar, as US Tsys yields firmed, witnessed the rate
grind towards Y112.95. 
*A very quiet afternoon session in NY , as traders look to the release of
Thursday's Initial Jobless Claims and Friday's NFP. 

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