Dollar-yen: Y109.53, range..............>

YEN SUMMARY: Dollar-yen: Y109.53, range Y109.47-80, NY open Y109.75, range

Y109.44-109.78

*The rate slipped at the NY open, falling towards Y109.65, however volume and

flow was very light.

*A fall in UST yields pared light gains to Y109.57 in early NY. The

European morning low provided initial support at Y109.48

*The dollar received a lift following rising US Tsys yields and falling

commodities, as the pair grinded towards Y109.70.

*Cross sales added weight to Y109.44 before stalling ahead of support

at Y109.40 and pushing the rate towards Y109.60.

*The pair slipped, as US Tsys yields fall, with the rate falling

towards Y109.45.

*A hawkish tone from the Fed's Dudley, witnessed broad based dollar

demand, as the pair spiked towards Y109.75.

*A fresh wave of dollar pressure , as profit takers emerged towards the close,

witnessed the rate slip towards Y109.60, before momentum faded.