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Europe open Y112.59, range..............>

YEN SUMMARY
YEN SUMMARY: Europe open Y112.59, range Y112.55-73, NY open Y112.65, range
Y112.62-Y112.75
*Rate did manage to extend topside to Y112.73 on Eur/Jpy demand, but this proved
short lived as rate settled between Y112.60/70.
*Seen sidelined with markets mainly seen fairly subdued due to
today's holidays in Japan, NY and Canada. Rate from late Asia and into early
Europe consolidated between Y112.55-70. The pair continued its theme into NY.
* With lack of Japan last night and the absence of North America
today, the pair remained in consolidation mode with the pair trading between
Y112.65/75 for the majority of the NY session.

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