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

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. *The pair came under pressure into the NY close as the

WSJ reported that the Saudi probe is said to extened to the military, the pair

dropped towards the intra-day low of Y111.95.