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Dollar-yen: European open Y113.19,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y113.19, range Y112.65-113.10, NY open
Y112.71, range Y112.48-113.19
*The release of stronger-than-expected headline US Retail Sales
triggered fresh dollar demand to Y112.87, before immediately paring gains. The
move coincided with a $6 spike in gold which saw dollar-yen touch extended
pullback lows of Y112.48.
*As US Tsys yields firm and gold dropped, the rate followed suit
grinding to recovery highs of Y112.85.
* A fresh wave of dollar sales as the Dow dropped sharply and US Tsys
yields moved lower, the rate dropped towards Y112.60.
*Following a sharp drop in XAU and US Tsys yields recovering a little
witnessed the rate jump to recovery highs of Y113.08.
*As US tsys yields continue to claw back losses and gold fell further, the pair
grinded towards towards Y113.20.
*The dollar gave back some of its gains as US Tsys yields slipped with
the rate dropping towards Y112.90 towards the NY close.

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