Dollar-yen: European open Y109.59,......>

YEN SUMMARY: Dollar-yen: European open Y109.59, range Y109.54-109.70, NY open

Y109.67, range $109.12-109.84

- The dollar pared back its losses into the NY open, as the rate grinded towards

Y109.75.

- Despite the release of weaker-than-expected headline US Durable Goods,

stronger components provide a counter to hold Y109.68-75.

- A sharp turn in the dollar after printing a new intra-day high of Y109.84 to

Y109.26 after Fed Chair Yellen leaves markets disappointed and made no comment

on monetary policy.

- A fresh wave of dollar sales, following US Tsys yields dropping and a further

spike in XAU, witnessed the rate print a new intra-day low of Y109.12.

- The dollar received a small lift off its intra-day low of Y109.12, following

US Tsys Yields rising and XAU falling from its highs, as the rate headed towards

Y109.30.

- With the main focus on eur/usd, following a somewhat hawkish tone from the

ECB'S Draghai the pair bounced between Y109.25/35 into the close.