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YEN SUMMARY: *Dollar-yen open Y110.07, range Y109.90 to Y110.18
*Dollar-yen eased modestly from Y110.07 to Y109.90 in early trade as N Korea
continued with its diatribe, calling Trump's 'fire and fury' comment as 'a load
of nonsense', and saying 'he is a guy bereft of reason'.
*Tokyo-fix related demand then took hold, the dollar pushed higher from under
the figure to Y110.18 before fading
*As Asian equities all moved into negative territory, supply largely in euro-yen
then saw the dollar drop from around Y110.10 to Y109.90
*Euro-yen and dollar yen remained on the defensive heading toward the opening of
*French Industrial/Manufacturing Production (0645GMT) provides the event risk
for the session(s) ahead (euro-yen flows), which also includes a speech from
Fed's Dudley at 1400GMT