Dollar-yen: European open Y114.15,......>

YEN SUMMARY: Dollar-yen: European open Y114.15, range Y113.92-114.32, NY open

Y114.08, range Y113.64-114.45 

*The dollar pared its earlier European losses, as US Tsys yields firmed with the

rate grinding towards Y114.15 as NY entered the fray. 

*Spiked to Y114.45 after the release of stronger-than-expected headline and

component US GDP data. Momentum faded with the rate dropping back towards

Y114.25. 

*Sharp slippage through Y114.00 to print a fresh intraday low of Y113.71 on

react to the bbg headlines that President Trump is said to lean toward Powell as

next Fed Chair. 

*A bounce off the intraday lows of Y113.71 to recovery highs of Y114.00

following US Tsys yields rising. *Late NY trade witnessed dollar profit taking

as traders began to square up for the weekend, with the rate dropping towards

Y113.80. 

*Continued pressure on the dollar, as US Tsys yields slipped, saw the pair drop

to fresh intraday lows of Y113.64.