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Dollar-yen: European open Y110.26,......>

YEN SUMMARY: Dollar-yen: European open Y110.26, range Y110.25-110.48, NY open
Y110.39, range Y110.38-110.85
*Strong US data across the board triggered renewed dollar demand with
a move to fresh daily highs of Y110.75.
*Stops targeted and triggered on the break of Y110.80, extend to
Y110.85 in reaction to the strong US data.
*The dollar fell back from its highs of Y110.85, following US Tsys
yields falling, with the pair drifting towards Y110.60.
*The dollar gets another lift, following the release of better than
expected US Aug NAHB Homebuilder index, as the rate jumped towards Y110.80.
*The dollar slid from its recent rally, as US TSYS yields pared
back some of their gains, with the rate falling towards Y110.55.
*The pair fell to pull back lows of Y110.42, before dip buyers emerged, pushing
the rate back over Y110.50.

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