Dollar-yen: Oct19 close Y112.56,........>

YEN SUMMARY: Dollar-yen: Oct19 close Y112.56, Oct20 Asia range Y112.52-113.31,

Europe Y113.14-47

*Euro-yen: Oct19 close Y133.28, Oct20 Asia range Y133.30-86, Europe Y133.60-93

*Dollar-yen consolidated within a narrow Y112.52-78 range in early Asia

*News that the US Senate had passed a 2018 budget blueprint, setting the stage

for Republican tax reform witnessed broad based dollar strength. The rate

vaulted yesterday's high (Y113.15) to Y113.31

*Reported supply around Y113.30 countered, the pair retraced to Y113.12 on mild

profit-taking and consolidated for the balance of the session

*Momentum continued into Europe with added support from UST yields, dollar-yen

touched 3-month highs of Y113.47 before corporate supply through to Y113.60

capped topside gains

*Euro-yen opened on a bid tone, rate initially gained support from eur/usd to

Y133.88, before a minor pullback stalled ahead of Y133.60

*The dip attracted fresh demand interest, rate squeezed to Y133.93 but with lack

of follow through faded. Yen pairs last Y113.35/Y133.75.