Dollar-yen: European open Y109.32,......>

YEN SUMMARY: Dollar-yen: European open Y109.32, range Y108.96-109.42, NY open

Y109.06, range Y108.60-109.60

*Broad based dollar pressure, following a sharp drop in US Tsys

yields, witnessed the rate print a new intra-day low of Y108.82.

*Continued pressure on the dollar, with US Tsys Yields falling

and black box selling in the spot market, saw the rate crash to a new

intra-day low of Y108.60.

*As US Tsys yields trimmed some of their losses, the rate climbed to recovery

highs of Y108.82.

*A sharp spike in US Tsys Yields following a report "that Bannon

could be fired-BBG" saw the rate spike towards Y109.30.

*According to the NYT Trump told aides that he has decided to

remove Bannon. The pair spiked to an intra-day high of Y109.60. 

*Confirmation of Bannon's departure (per CNBC), was a typical case of buy the

rumor sell the fact with the rate slipping towards Y109.15.