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Dollar-yen: European open Y113.51,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y113.51, range Y113.34-113.80, NY open
Y113.62, range Y113.64-114.04
*Received a lift to Y113.87 on a Politico source story that
suggested Yellen is out of the Fed Chair race.
*Minor pullback off earlier traded highs (Y113.87) settled around
the Y113.68/73 area as focus turned to US Pending Home Sales at the top of the
hour.
*Despite the release of marginally weaker US Pending Home Sales,
dollar-yen grinded on to print a fresh intraday high of Y113.88.
*Broad based dollar demand following US house clearing the way for
republican tax bill and a spike in US Tsys yields witnessed the rate go on and
print fresh intraday highs of Y114.04, as US Tsys yields turned, the rate
slipped back towards Y113.70.
*A fresh wave of broad based dollar demand as XAU fell further and US Tsys
yields firmed witnessed the rate grind towards the intraday high of Y114.04.

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