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Dollar-yen: Jul26 close Y111.18,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Jul26 close Y111.18, Jul27 Asia range Y110.78-111.23,
Europe Y110.94-111.33
*Euro-yen: Jul26 close Y130.36, Jul27 Asia range Y130.10-56, Europe Y130.21-50
*Dollar-yen opened in Asia at Y111.06, where dollar weakness was the theme
post-FOMC
*The arrival of Tokyo players pressured the dollar back under Y111.00 to Y110.90
*Tokyo-fix related demand saw a brief recovery to Y111.03, but sellers returned
post-fix, softer UST yields triggered a deeper reversal to Y110.78
*Japanese names supported the dip, dollar-yen made a brief show above Y111.00
into Europe, before fading
*As UST yields firmed the dollar picked up a wave of fresh demand interest and
squeezed through the Asia high to Y111.33
*Euro-yen remained in consolidation mode and was largely held to a narrow 30 pip
range. The Asia high provides next resistance at Y130.56, a break opens
Y130.69/77 (200-WMA, 2017 high - Jul11). Yen pairs last Y111.26/Y130.44.
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