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Dollar-yen: European open Y112.13,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y112.13, range Y112.12-26, NY open
Y112.16, range Y112.13-Y112.48
*As NY entered the fray, we witnessed broad based dollar demand with the rate
grinding towards Y112.25.
*Delayed react to the release of strong US Import/Export data lifts
to extended session highs of Y112.48.
*The dollar pared back some of its earlier gains, as US Tsys
yields slipped, with the rate dropping back towards Y112.35.
*A sharp drop in US Tsys yields witnessed the rate follow suit, with
the pair dropping towards Y112.20.
*A bounce in US Tsys yields, this combined with XAU dropping further
saw the rate jump towards Y112.40 before fading towards Y112.25.
*A fresh wave of dollar pressure following comments by Trump when asked who he
favored over 5 FED candidates, his response "I like them all" witnessed the rate
drop towards Y112.10.

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