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Dollar-yen: European open Y110.66,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y110.66, range Y110.56-110.75, NY open
Y110.65, range Y109.95-110.65
*Despite thin volumes and narrow range trade, yen pairs staged minor recoveries
to hold Y110.64 into the NY open.
*Dollar-yen encountered another wave of sharp selling pressure, rate
moved through Y110.50 with slippage extending to Y110.26.
*The dollar gets a lift, as US Tsys yields bounce off their lows. as the rate
grinded towards Y110.45.
*The release of soft US ISM Non-Mfg data pressed to react lows of
Y110.02, strong Durable Goods countered as the rate recovered to hold
Y110.20/25.
*Pressure on the dollar continues, as US Tsys yields fall has seen
the rate break the support Y110.00 printing a new intra-day low of Y109.95. Dip
buyers emerged pushing the rate quickly back over Y110.10.
*A small bounce to Y110.25, where sellers emerged pushing the rate towards
Y110.10 into the NY close.

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