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Dollar-yen: European open Y112.26,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y112.26, Europe range Y111.95-112.32, NY
open Y112.10, range Y111.48-112.33
*Touched extended recovery highs of Y112.33 following Fed Dudley
remarks that said will continue to remove monetary accommodation gradually.
*Safe-haven yen demand emerged following headlines that the North
Korean Foreign Minister to make a statement to the press at 1400GMT. Dollar-yen
having retraced Fed Dudley gains, extended slippage to Y112.18/23.
*A sharp drop in the pair as N.K Foreign Minster says "Trumps
comments over the weekend were clearly a declaration of war". The rate  dropped
sharply to fresh intra-day lows of Y111.57.
*Broad based Yen demand and falling US Tsys yields, following North
Korean comments continued, as the rate printed a fresh intra-day low of Y111.48
before grinding towards Y111.70.

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