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Dollar-yen: Sep29 close Y112.50, Oct2...>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Sep29 close Y112.50, Oct2 Asia range Y112.40-92, Europe
Y112.77-113.06
*Euro-yen: Sep29 close Y132.97, Oct2 Asia range Y132.61-133.07, Europe
Y132.45-89
*Demand cited predominantly from Japanese Trust names lifted dollar-yen from
around Y112.50 to Y112.91 in early Asia. Improved risk sentiment was the theme
amid upbeat China PMI release over the weekend and today's strong Tankan survey
*UST yields also underpinned, the benchmark 10-yr treasury yield up over 1.0% 
*Dollar-yen consolidated into Europe, rate held Y112.82-92 in early dealings
*As UST yields started to firm, rate managed to grind out a fresh high of
Y112.95. Second wave demand took out offers through Y113.00 with gains extending
to Y113.06
*Light profit take sales emerged off the high, UST yields turned lower.
Dollar-yen retraced morning gains to Y112.77 before fading
*The euro remained defensive throughout the morning session, eur-yen touched
pullback lows of Y132.45.

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