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

YEN SUMMARY: Dollar-yen: European open Y112.98, range Y112.85-113.08, NY open

Y112.91, range Y112.61-113.44 

*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

Y113.32. 

*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

Y112.61. *The pair remained close to the intraday low for for most of the NY

close, as NK concerns remained in focus.