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Dollar-yen: Sep21 close Y112.54,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Sep21 close Y112.54, Sep22 Asia range Y111.65-112.56,
Europe Y111.80-112.09
*Euro-yen: Sep21 close Y134.32, Sep22 Asia range Y133.50-134.39, Europe
Y133.72-134.41
*The initial move in Asia saw dollar-yen push higher from Y112.40 to Y112.56,
Japanese Asset managers were reportedly buying Euro-yen
*News from the N Korea Foreign Minister that said it may conduct a hydrogen bomb
test in the Pacific Ocean of an unprecedented scale saw regional equities
retreat into negative territory and safe haven currencies on the rise
*Dollar-yen moved through Y112.00, touched extended pullback lows of Y111.65
before dip buyers cushioned falls
*The pair recovered with UST yields to Y112.07 in early Europe, but soon faded
*Consolidation remained the theme, dollar-yen managed to grind out a fresh
European high of Y112.09
*Euro-yen extended the recovery off Asia traded lows (Y133.50) to Y134.14.
Strong EU flash PMI readings provided added support to Y134.41.

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