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Dollar-yen: Sep18 close Y111.44,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Sep18 close Y111.44, Sep19 Asia range Y111.37-68,
Europe Y111.56-88
*Euro-yen: Sep18 close Y133.20, Sep19 Asia range Y133.23-76, Europe
Y133.62-134.17
*Dollar-yen drifted lower from Y111.57 to Y111.37 in early Asia before meeting
reported demand
*Japanese retail accounts began to buy from around Y111.45 and together with
Euro-yen demand the dollar rose to Y111.60
*Stops were triggered through Y111.70 into Europe, gains extended to Y111.88
before fading
*Minor pullback off the high extended to Y111.56 with added weight via stg-yen
*Euro-yen continued firm into Europe, as Middle-Eastern demand set the tone,
momentum type accounts triggered stops on the break of Y134.00. Rate touched
21-mth highs of Y134.17 before light profit take sales eased
*Sharp stg-yen sales started to pressure, slippage back under Y134.00 extended
to Y133.62 before the release of strong German Zew survey data cushioned falls. 

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