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Dollar-yen: European open Y109.17,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y109.17, range Y109.07-42, NY open
Y109.31, range Y109.12-109.45
*As US Tsys yields firmed in early NY , the rate grinded out a fresh intra-day
high of Y109.46, the pair met resistance and drifted towards Y109.35.
*Firmer UST yields lifted the pair to Y109.44 and a re-test of earlier highs
*Consolidates US morning gains and holds near the peak of its Y108.85-109.46
daily range.
*Slippage off earlier traded highs (Y109.46) extended to Y109.12, as the market
awaited Jackson Hole.
*The dollar received a small lift following US Tsys Yields, grinding towards the
intra-day high of Y109.46, before meeting supply and slipping back to the
Y109.35 level.
*The pair remained in consolidation mode towards the close, with the pair
bouncing between Y109.35-42.

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