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Dollar-yen: Oct13 close Y111.88,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Oct13 close Y111.88, Oct16 Asia range Y111.71-112.08,
Europe Y111.66-95
*Euro-yen: Oct13 close Y132.25, Oct13 Asia range Y131.99-132.39, Europe
Y131.68-132.18
*Dollar-yen opened in Asia toward the lower side of Friday's Y111.69-Y112.31
range, where soft US inflation placed the dollar on the defensive
*Demand under Y111.80 from Japanese accounts pushed the dollar back through Y112
to Y112.08. Higher US Tsy yields and firmer regional equities supported the move
*For the balance of the session consolidation became the theme, the pair held a
Y111.92-Y112.07 range
*Dollar-yen opened heavy in Europe with added weight via the crosses, slippage
through the Asia low (Y111.71) extended to Y111.66 before dip buyers cushioned 
*Recovery efforts extended to the Y111.80/85 area before fading
*Euro-yen triggered supply from momentum-type accounts on the break of Y132.00,
rate touched Y131.68 before staging a minor recovery
*Focus turns to the release of US Empire mfg data at 1230GMT.

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