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Dollar-yen: European open Y112.98,......>

YEN SUMMARY: Dollar-yen: European open Y112.98, range Y112.85-113.08, NY open
Y112.91, range Y112.64-113.44
*Despite the release of soft headline non-farm payroll data (-33k),
much stronger AHE spiked the dollar through Y113.00 to extended react highs of
*Pullbacks remained shallow as the dollar grinded out a fresh high of Y113.44.
*Broad based dollar pressure in reaction to reports from Sputnik
news service that NK are nearly ready to test a long range missile that is
capable of reaching the west coast, witnessed the rate drop towards Y112.85.
*Continued pressure on the dollar following reports on NK has seen
the rate drop to fresh intraday lows of Y112.64.
*The pair received a small lift, as US Tsys yields bounce of their lows with the
rate grinding towards Y112.80.
*A fresh wave of dollar pressure, as investors moved into XAU and Yen as a safe
haven, with concerns over NK reappear, with the pair dropping towards the
intraday low of Y112.64. 

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