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Dollar-yen: Nov9 close Y113.36, Nov10...>

YEN SUMMARY
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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