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Dollar-yen: European open Y112.38,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y112.38, range Y112.35-95, NY open
Y112.92, range Y112.43-113.26
*The release of stronger-than-expected US Durable Goods triggered
reported stops through Y113.05 with gains extending to Y113.26.
*Broad based dollar pressure in reaction to weak US Aug
Pending Home Sales combined with profit taking by ECNS witnessed the rate drop
to pullback lows of Y112.96.
*A sharp drop in eur/yen from Y132.55 to Y132.20, saw usd/yen
follow suit with the rate dropping to pullback lows of Y112.77.
*The rate continued to pare its gains, as pressure on eur/yen
remained, the rate dropped further to pullback lows of Y112.54.
*A sharp wave of dollar sales across the board, witnessed the rate
drop to pullback lows of Y112.37, the pair met demand and immediately pared back
its losses, jumping towards Y112.70
*As US Tsys yields firmed into the close, the rate followed grinding towards
Y112.85
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