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Dollar-yen: European open Y110.68,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y110.68, range Y110.62-95, NY open
Y110.82, range Y110.03-110.95
*Yen crosses again provided the appetite into Europe. Dollar-yen lifted to
Y110.95 before meeting resistance.
*Early NY witnessed dollar pressure with the rate sliding towards Y110.80
*The release of soft US Housing Starts triggered minor dollar sales to
Y110.71.
*A spike in US Tsys yields, witnessed the dollar pare back its post US
data losses, with the rate spiking to a new intra-day high of Y110.95.
*The dollar pared back its gains, as US Tsys Yields slipped, with the rate
falling towards Y110.70.
*Broad based dollar pressure ahead of FOMC, witnessed the rate crash to a new
intra-day low of Y110.42
*A dovish tone from the FED's FOMC minutes witnessed the rate
drop to a new intra-day low of Y110.03.
*The pair bounced off the lows, dip buyers emerged pushing the rate to Y110.25.

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