Dollar-yen: Oct16 close Y112.15,........>

YEN SUMMARY: Dollar-yen: Oct16 close Y112.15, Oct17 Asia range Y112.04-31,

Europe Y112.12-26

*Euro-yen: Oct16 close Y132.25, Oct17 Asia range Y131.94-132.37, Europe

Y131.89-132.15

*Japanese names were the early buyers in Asia, dollar-yen lifted from Y112.11 to

Y112.31. Nikkei opened firm, rate extended gains modestly

*Post-fix the dollar weakened to Y112.04. Sellers were reportedly Asian prop

names amid news from N Korea's deputy UN ambassador who warned, the situation on

the Korean Peninsula 'has reached the touch-and-go point' 

*Markets consolidated into Europe, dollar-yen held Y112.15-20 in early dealings

*Firmer UST yields triggered fresh dollar demand to Y112.26, but with lack of

follow through drifted to hold Y112.10-20 for the balance of the session

*Euro-yen encountered early pressure via eur-usd with a move back under Y132.00,

rate touched pullback lows of Y131.89 before dip buyers cushioned falls

*Marginally weaker German ZEW (EU CPI in-line) failed to react. Euro-yen

struggled to hold above Y132.00 as pressure remains toward the downside.