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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
*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
*Continued pressure on the dollar, as US Tsys yields slipped, saw the pair drop
to fresh intraday lows of Y113.64.