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Dollar-yen: Nov3 close Y114.08, Nov6....>

YEN SUMMARY: Dollar-yen: Nov3 close Y114.08, Nov6 Asia range Y113.95-114.73,
Europe Y114.05-43
*Euro-yen: Nov3 close Y132.42 Nov6 Asia range Y132.39-133.12, Europe Y132.30-83
*Dollar-yen opened firm in Asia, Tokyo fix-related demand lifted from Y114.20 to
Y114.44 with added support from UST yields
*Stops were triggered through Y114.50, gains extended to Y114.73 with some
attributing the move to Governor Kuroda remarks on inflation and will
persistently continue powerful easing
*As UST yields faded, the minor pullback encountered willing dip buyers ahead of
Y114.20 (Y114.22 - Hourly low) into Europe
*Dollar-yen squeezed to Y114.43 but with lack of follow through was quick to
pare gains. Cross sales started to pressure, rate touched Y114.05 before dip
buyers cushioned falls
*Svcs PMI readings across Europe were weak, eur-usd dipped back under $1.1600,
the cross extended its corrective pullback through the Asia low to Y132.30. Yen
pairs later recovered, last Y132.42/Y114.14.

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