Dollar-yen: European open Y113.84,......>

YEN SUMMARY: Dollar-yen: European open Y113.84, range Y113.52-113.93, NY open

Y113.60, range Y113.40-113.85

*Under fresh selling pressure via the crosses, dollar-yen extended

sharp slippage to Y113.52 just ahead of NY. As NY arrived the rate hovered close

to the lows.

*Traders reported stops were triggered on the break of Y113.50,

rate touched extended pullback lows of Y113.40 before paring back some of

losses.

*The pair received a lift at the 4PM WMR combined with firming US Tsys

yields as the rate jumped to recovery highs of Y113.73.

*The dollar pared back its gains in reaction to "Fitch"

expressing concerns of the arrest's in Saudi Arabia causing geo-political

concerns. The pair dropped towards Y113.50.

*Following firming US Tsys yields, the dollar pared back its

losses with the rate grinding to recovery highs of Y113.85 before fading towards

Y113.75.