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Dollar-yen: European open Y112.62,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y112.62, range Y112.36-112.73, NY open
Y112.44, range Y112.22-112.74 
*The release of soft PCE Core data triggered sharp dollar sales, dollar-yen
printed a new intra-day low of Y112.32, before dip buyers cushioned falls. 
*The dollar staged a minor recovery off earlier traded lows (Y112.22) to hold
around the Y112.35/40 area. 
* A rise in the MNI Chicago Business Barometer has seen dollar-yen grind to
Y112.60. 
*A further bout of dollar demand as the WSJ reported that "Trump is said to meet
with Warsh about Fed chair post", Warsh is considered to be more hawkish than
Yellen. The rate spiked to fresh intra-day highs of Y112.74 before meeting
supply and dropping towards Y112.55. 
*A small lift in the dollar following US Tsys yields moving higher and XAU
slipping has seen the rate grind towards the intra-day high of Y112.74. 
*As US Tsys yields slipped the rate drifted towards Y112.45 into the NY close.

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