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Dollar-yen: European open Y113.91,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y113.91, range Y113.74-114.1724, NY open
Y114.15, range Y113.48-114.24
*The release of strong US Durable Goods data lifted the pair to Y114.21 and
looked to test the area of earlier highs (Y114.24).
*Remarks by US House Speaker Ryan on the tax overhaul with added
weight from usd/mxn following news Banxico to increase FX hedges in a fresh
dollar sales through Y114.00. Rate touched extended pullback lows of Y113.94.
*The US dollar continued on the defensive with a sharp move through
the area of earlier lows to Y113.57. The move coincided with the Dow dropping
sharply and US Tsys yields falling.
*After printing a new intraday low of Y113.48 the rate slowly
pared back some of its losses as US Tsys yields firmed, with the rate grinding
towards Y113.85.
*Sellers emerged into the NY close, as US Tsys yields drifted lower with the
rate drifting towards Y113.70.  

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