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Dollar-yen: Oct11 close Y112.37,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Oct11 close Y112.37, Oct12 Asia range Y112.32-52,
Europe Y112.21-35
*Euro-yen: Oct11 close Y133.34, Oct12 Asia range Y133.24-49, Europe Y133.08-43
*Broad dollar weakness spilled over into Asia as investors deemed the Fed
minutes more dovish than expected
*Dollar-yen slipped from Y112.52 to Y112.32, before ongoing demand in aussie-yen
from Japanese investors countered
*Fresh supply emerged into Europe, rate extended the corrective pullback to
Y112.24
*As recovery efforts remained shallow, soft UST yields triggered another wave of
dollar sales to Y112.21 before dip buyers cushioned falls
*Euro-yen felt the weight of euro-dollar, touched lows of Y133.08 before meeting
the reported demand placed through Y133.05/00
*Strong EZ IP data failed to react. Yen pairs last Y112.30/Y113.21
*Very light on the data front today with main focus on tomorrow's US CPI print
for clearer direction. 

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