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Dollar-yen: European open Y109.11,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y109.11, range Y110.01-110.18, NY open
Y110.07, range Y110.05-111.05
*The release of better-than-expected US Non-Farm Payroll data with
stronger revisions triggered fresh dollar demand, rate spiked to react highs of
Y110.73
*The dollar refused to back away following the earlier release of
strong headline NFP. Rate grinded out a fresh high of Y110.77
*The recent pullback stalled ahead of Y110.50, before dip buyers
re-emerged with a move to fresh daily highs of Y110.90.
*The dollar tone continued buoyant, rate touched extended recovery
highs of Y111.05 before meeting the reported supply.
*The dollar started to give back some of its gains towards the
European close, as profit takers emerged with the rate dropping towards Y110.85.
*The dollar continued to pare back its gains into the London close,
as US Tsys yields pulled back. The rate drifted back towards Y110.70.
*Dollar profit taking continued into the close, as the pair slipped to Y110.60

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