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Dollar/Yen: European open Y112.08,......>

YEN SUMMARY
YEN SUMMARY: Dollar/Yen: European open Y112.08, range Y111.95-112.22, NY open
Y112.19, range Y112.12-112.72
*Dollar-yen printed recovery highs of Y112.22, but later eased to the Y112.05/10
area in late European morning trade.
* As UST yields firmed into NY, Usd/Jpy moved through the Asia high to
Y112.27 before fading back towards Y112.15.
*As UST yields continued to support, Usd/Jpy managed to grind out a
fresh daily high of Y112.34.
*The dollar continued to rally as commodities tumbled and US tsys
rallied, along with the Dow. The pair went on to print fresh session highs of
Y112.40.
* The dollar continued to gain ground across the board, as commodities fell
further with gold leading the decline. The rate went on to print fresh session
highs of Y112.45.
*As US Tsys yields spiked in reaction to gold falling sharply, the pair followed
suit spiking to fresh session highs of Y112.72 before fading.

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