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YEN SUMMARY
YEN SUMMARY: Dollar-yen: Oct5 close Y112.83, Oct6 Asia range Y112.76-113.03,
Europe Y112.91-113.08
*Euro-yen: Oct5 close Y132.07, Oct6 Asia range Y131.98-132.20, Europe Y132.05-23
*The strong dollar theme spilled over into Asia, dollar-yen largely held
Y112.72-89 in early dealings
*Another wave of dollar demand emerged, decent supply towards Y113.00 was
eventually absorbed and the rate posted a new high of Y113.03
*Dollar-yen remained in consolidation mode throughout Europe. The pair did
manage to grind out a fresh high of Y113.08 but lacked follow through
*Focus today on the US jobs report with forecasts expected to rise by only 70k.
Despite the impact of Hurricane Harvey and Hurricane Irma, markets will again
mainly look at average hourly earnings
*Euro-yen remained well supported ahead of Y132.00, gains extended to Y132.23
and held firm. Resistance remains at Y132.33/48 (38.2%/50% Y133.12-131.84). Yen
pairs last Y113.00/Y132.20.

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