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Dollar-yen: Oct26 close Y113.95,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Oct26 close Y113.95, Oct27 Asia range Y113.97-114.26,
Europe Y113.92-114.32
*Euro-yen: Oct26 close Y132.72, Oct27 Asia range Y132.60-94, Europe Y132.50-95
*The dollar continued firm in early Asia, rate was quick to move through
yesterday's high (Y114.08), squeezed to Y114.15 before fading
*Tokyo-fix related demand supported, Japanese Trust names extended to Y114.26
but with lack of follow through drifted
*Fresh dollar demand emerged into Europe, rate touched Y114.32 before stalling
ahead of resistance from the 61.8% fibo Y118.66-107.32
*Pullback off the high in tandem with UST yields pared early gains, rate made a
show back under Y114.00 with slippage extending to Y113.92
*Euro-yen offers ahead of Y133.00 capped topside gains to hold Y132.75/90
*As euro-dollar started to pressure, rate moved through the Asia low to Y132.50
ahead of NY. US data highlights today from GDP at 1230GMT. Analysts expect GDP
to rise 2.7% in the advance estimate for the third quarters, only slightly below
the 3.1% increase in the second quarter.

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