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Dollar-yen: Oct30 close Y113.16,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Oct30 close Y113.16, Oct31 Asia range Y112.98-113.28,
Europe Y112.96-113.34
*Euro-yen: Oct30 close Y131.84, Oct31 Asia range Y131.51-89, Europe Y131.52-85
*The opening of Tokyo markets saw dollar-yen trade with a heavy tone, the rate
dropped from near Y113.20 to Y112.98 before meeting demand. Tokyo investors had
positioned for a weaker Nikkei open
*As expected the BOJ remaining firmly on hold, but did slightly lower slightly
their inflation forecasts, core CPI for 2017/18 is now expected at 0.8% 
*BOJ governor Kuroda remarks in his press conference that said downside risks to
prices are larger, lifted dollar-yen to Y113.12 in early Europe
*The pair once again drifted on continued react to yesterday's Trump tax reforms
comment and indictment of three of his former team. Slippage to Y112.96
encountered Japanese megabank demand with a quick spike to the Y113.10/15 area
*Firmer UST yields supported to Y113.34 and consolidates ahead of NY
*Euro-yen settled near the peak of its Y131.52-85 European morning range.

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