Dollar-yen: Sep27 close Y112.75,........>

YEN SUMMARY: Dollar-yen: Sep27 close Y112.75, Sep28 Asia range Y112.71-113.13,

Europe Y112.69-113.21

*Euro-yen: Sep27 close Y132.50, Sep28 Asia range Y132.33-68, Europe Y132.51-81

*Dollar-yen initially eased to Y112.71 in early Asia, Tokyo-fix related demand

lifted to Y112.93, but was quick to pare gains post fix

*Firmer UST yields then pushed the dollar back to Y112.90. As the benchmark

10-year yield jumped above the 200-dma, the dollar overcame the Y113 handle to

print Y113.13

*The pair remained elevated for the remainder of the session

*As UST yields firmed into Europe, dollar-yen moved through the Asia high,

touched Y113.21 before fading

*Pullback off the high with UST yields briefly took the rate under Y113.00

*Dollar unwinds continued throughout the morning, rate touched extended pullback

lows of Y112.69 before dip buyers cushioned falls

*German state CPI readings came in mildly stronger or as expected, euro-yen held

a narrow 30 pip range with focus on the main German release at 1200GMT.