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Dollar-yen: Nov16 close Y113.04,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Nov16 close Y113.04, Nov17 Asia range Y112.40-113.14,
Europe Y112.45-64
*Euro-yen Nov16 close Y133.03, Nov17 Asia range Y132.81-133.16, Europe
Y132.62-98
*Despite positive news from House Republicans passing the tax-overhaul bill, the
dollar encountered fresh pressure overnight after the WSJ reported that Special
Counsel Mueller had issued a subpoena for Russia-related documents 
*The move back under Y113.00 triggered renewed supply, Usd-Yen touched extended
pullback lows of Y112.40 before dip buyers cushioned falls
*As recovery efforts held shallow into Europe, the pair largely consolidated in
a narrow Y112.45-64 morning range
*Under pressure with the dollar, Eur-Yen made a show back under Y133.00 to print
extended pullback lows of Y132.81. Minor recoveries stalled ahead of Y133.00
into Europe, before fresh supply eased to the Y132.83/88 area
*Euro-based sales continued, rate touched lows of Y132.62 before dip buyers
cushioned to hold either side of Y132.70. Yen pairs last Y132.73/Y112.55.

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