Dollar-yen: European open Y110.59,......>

YEN SUMMARY: Dollar-yen: European open Y110.59, range Y110.42-110.65, NY open

Y110.44, range Y110.25-110.83

*Having earlier taken out the reported bids at Y110.50, supply

continued in early NY to touch pullback lows of Y110.25.

*The release of stronger-than-expected US Job Openings data

saw the dollar lift to extended recovery highs of Y110.56.

*Persistent dollar demand in tandem with firmer UST yields touched

recovery highs of Y110.60.

*Broad based dollar demand continued, as US Tsys yields continued to

firm, with the rate printing a new intra-day high of Y110.83.

*Pressure on eur/yen saw the rate slowly follow suit, as the

rate dropped towards Y110.60.

*A sharp reversal in the dollar, as US Tsys yields pared back their

gains, in reaction to geo-political concerns over North Korea return. The rate

dropped sharply to pullback lows of Y110.33, before dip buyers emerged pushing

the rate towards Y110.60.