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Dollar-yen: European open Y112.73,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y112.73, range Y112.57-112.84, NY open
Y112.57, range Y112.41-112.82
*Sharp stg-yen sales pressured, usd-jpy extended the corrective pullback to
Y112.57 before fading
*Pressure on eur/yen in early NY witnessed the rate drop to fresh intraday lows
of Y112.43 before meeting demand from ECNS and bouncing back towards Y112.55.
*AS US Tsys yields fell, the rate followed suit dropping to fresh lows of
Y112.41.
*The dollar received a lift to Y112.70 following FED Williams remarks
that said rates need to rise toward 2.5% neutral rate.
*As US Tsys yields slipped, the rate followed suit dropping from their
recovery highs of Y112.70 back towards Y112.55.
*Broad based dollar demand following US Tsys yields rising and XAU
falling sharply witnessed the rate grind towards Y112.85.

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