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

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 towards

Y110.65