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Dollar-yen: European open Y113.36,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y113.36, range Y113.35-113.77, NY open
Y113.74, range Y113.69-114.02
*Dollar-yen opened firm in Europe, supported by UST yields/Nikkei 225 the pair
squeezed through the Asia high to Y113.58.
*As the European morning dragged on the dollar continued its buoyant tone,
grinding to fresh session highs of Y113.77 just ahead of the NY open.
*Dollar demand continued in early NY with a move to fresh daily highs
of Y113.97, as US Tsys yields firmed and XAU dropped.
*Us Tsys yields slipped a little, this combined with willing sellers ahead of
Y114.00 witnessed the rate slip back towards Y113.80.
*Broad based dollar demand following rising US Tsys yields, XAU falling and
eur/yen demand, witnessed the rate go on to print a fresh intraday high of
Y114.02.
*The dollar slipped towards the close, as profit takers emerged and US Tsys
yields lost ground with the rate drifting towards Y113.80. 

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