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Dollar-yen: European open Y109.48,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y109.48, range Y109.33-109.57, NY open
Y109.41, range Y108.97-109.41
*The dollar under fresh selling pressure in early NY moved through
the area of earlier lows to Y109.27.
*Persistent dollar sales pressure to extended session lows of
Y109.13
*Touched pullback lows of Y109.02, before meeting the reported demand
ahead of Y109.00. The rate slowly recovered towards Y109.25
*The dollar witnessed a minor pullback to Y109.09 following the
release of weaker-than-expected US New Home Sales data.
*A fresh wave of dollar pressure, following US Tsys Yields falling
witnessed the rate drop to a new intra-day low of Y108.98, before bouncing back
towards Y109.15.
*Renewed pressure on the dollar following US Tsys Yields saw the rate print a
new intra-day low of Y108.96.

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