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Dollar-yen: European open Y112.58,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y112.58, range Y112.45-64, NY open
Y112.61, range Y112.95-112.69
*The release of stronger-than-expected US Housing Starts/Building
Permits provide the dollar with a minor lift to Y112.69, before fading.
*Having pared post US data gains, slippage extended with soft UST
yields to pullback lows of Y112.44.
*A fresh wave of dollar sales, as US Tsys yields fell further and gold
rallied. The rate dropped to fresh session lows of Y112.33.
*A wave of yen demand via the crosses at the 4PM WMR fix witnessed
the rate drop to fresh session lows of Y112.20.
*A fresh wave of pressure on the pair, as US Tsys yields slipped and
gold rallied to fresh session highs. The pair followed suit dropping to a
new-intraday low of Y112.11.
*The pair made a brief show under under Y112.00 printing a 1-month
low of Y111.95 before getting a small lift towards Y112.20. US Tsys yields and
gold were the driving force of the pair through the NY session.

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