Dollar-yen: European open Y111.09,......>

YEN SUMMARY: Dollar-yen: European open Y111.09, range Y110.88-111.33, NY open

Y111.23, range Y110.55-111.29

*Dollar-yen dragged higher on the move with added support from UST yields

printed Y111.33

*A small sell off in early NY, with the rate dropping towards Y111.20.

*Slightly weaker-than-expected headline Q2 GDP data took the rate

back under Y111.00 with slippage extending to fresh daily lows of Y110.84.

*The recovery off post US GDP lows (Y110.84) extended back above

Y111.00 to hold Y111.10/15.

*The dollar under fresh selling pressure slipped to Y110.90 and witnessed

support from the US GDP react low (Y110.84).

*In reaction to reports of North Korea firing a test

missile-RTRS, saw the rate crash to a new intra-day low of Y110.67.

*The dollar came under renewed pressure into the close, following US Tsys

yields. The pair printed a new intra-day low of Y110.55.