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Dollar-yen: European open Y113.07,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y113.07, range Y112.89-Y113.33, NY open
Y113.16, range Y112.74-113.20
*Downside momentum continued into Europe, rate touched pullback lows of Y112.89
*The dip attracted fresh demand interest, Usd/Jpy reclaimed the Y113.00 handle.
Strong gains in UST yields/Nikkei futures squeezed through the area of earlier
highs to Y113.33 before fading ahead of NY.
*The release of weak US data across the board triggered fresh
dollar sales to Y113.02.
*The break back under Y113.00 with added weight via UST yields
triggers fresh supply to extended pullback lows of Y112.88.
*Persistent downside pressure extends through the Asia low to Y112.74.
* Broad based dollar demand, as US Tsys yields rise and gold slips has
seen the rate bounce off its fresh session lows of Y112.74 towards Y112.90.
*A wave of dollar demand as the house passed the proposed tax plan
by President Trump. The rate jumped back over Y113.00 before fading into the
close.

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