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Dollar-yen: Oct23 close Y113.34,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Oct23 close Y113.34, Oct24 Asia range Y113.25-49,
Europe Y113.35-72
*Euro-yen: Oct23 close Y133.11, Oct24 Asia range Y133.18-39, Europe Y133.31-76
*Dollar-yen opened flat in Asia, early dealings were seen light tied to a narrow
Y113.36-49 range
*Tokyo-fix related supply pushed the dollar lower from around Y113.40 to Y113.25
*Post-fix the rate was quick to pare losses but with lack of follow through held
either side of Y113.35 for the balance of the session
*Dollar-yen opened firm in Europe, supported by UST yields/Nikkei 225 the pair
squeezed through the Asia high to Y113.58
*A period of consolidation followed before another wave of dollar demand touched
Y113.72
*Euro-yen tracked the early dollar move to hold Y133.52/57. French Services/mfg
PMI came in strong, mixed readings from France/EZ followed, euro-yen edged
higher to Y133.76. Pullbacks have so far remained shallow ahead of NY with first
data up at 1230GMT from Phila Fed.

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