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Free AccessDollar-yen: Nov9 close Y113.36, Nov10...>
YEN SUMMARY: Dollar-yen: Nov9 close Y113.36, Nov10 Asia range Y113.26-54, Europe
Y113.34-64
*Euro-yen: Nov9 close Y131.98, Nov10 Asia range Y131.95-132.22, Europe
Y132.00-24
*Following on from yesterday's volatile trade, Asia witnessed a quiet session
with Usd/Jpy tied to a narrow Y113.26-54 range
*Tokyo-fix related demand was quickly eroded via Nikkei-led losses as traders
reported of light flow
*The dollar received an added lift across the board in early Europe. As firmer
UST yields supported, Usd/Jpy managed to grind out a fresh high of Y113.64
before fading
*Pullback off the high in UST yields saw dollar-yen pare gains to hold around
the Y113.40/45 area
*Euro-yen largely consolidated in a narrow 20 pip morning range. The cross
encountered support ahead of Y132.00 in early trade, before Eur/Usd gains
encouraged fresh demand interest with a move through the Asia high to Y132.24.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.