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Free AccessDollar/Yen: European open Y112.08,......>
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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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.