Dollar-yen: Sep22 close Y112.04,........>

YEN SUMMARY: Dollar-yen: Sep22 close Y112.04, Sep25 Asia range Y112.00-53,

Europe Y112.09-32

*Euro-yen: Sep22 close Y133.82, Sep25 Asia range Y133.44-134.24, Europe

Y133.32-134.01

*Reports that PM Abe to seek a Y2tn economic package provided the early appetite

in Asia, dollar-yen squeezed to post fix-highs of Y112.53 before fading

*Rate continued to pare gains with UST yields, settled around the Y112.15/20

area

*Consolidation remained the theme into Europe, dollar-yen held a narrow range

*PM Abe crossed the wires confirming the Y2tn economic package and will make use

of revenues from the sales tax increase. PM Abe added the package is to focus on

subsidising education, child care costs and encouraging corporate investments

*Markets witnessed limited react, but did later ease to the Y112.08/13 area

*Release of soft German IFO data on all 3 components pressured the euro.

Euro-yen slipped to Y133.58, before another wave of supply touched extended

pullback lows of Y133.32. Yen pairs last Y112.15/Y133.40.