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Dollar-yen: European open Y111.94,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y111.94, range Y111.66-111.95, NY open
Y111.78, range Y111.66-112.29
*Received a minor lift to Y111.87 following the release of
stronger-than-expected US Empire State mfg data, before immediately paring
gains.
*As US Tsys yields dropped the rate followed suit, with the pair
dropping towards the intraday low of Y111.66.
*In reaction to a report comments on BBG by IFX stating that " US,
North Koreans diplomats may meet in Moscow this week" saw the rate spike to
Y112.05.
*CNN reported that North Korea is said to reject diplomacy with the US the rate
dropped back towards Y111.90.
*A sharp spike in US Tsys yields, in reaction to Trump saying he likes Stanford
Taylor for FED's spot, witnessed the rate spike to a fresh intraday high of
Y112.29.

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