Trial now

More pain for the EUR


Over $58B Corporate Debt Added This Week


Remains on the front foot

*Sep5 Dollar-yen open Y109.72, range....>

YEN SUMMARY: *Sep5 Dollar-yen open Y109.72, range Y109.21 to Y109.84
*Dollar-yen opened in Asia toward the upper side of the Y109.23 to Y109.93 range
witnessed yesterday, where consolidation was the theme following Asia's sharp
fall, a reaction to last weekend's latest missile test from N. Korea.
*Dollar-yen edged lower from Y109.84 to Y109.65 ahead of the Tokyo-fix, once the
fixed had concluded the dollar edged lower from the mid-Y109.60 to Y109.46,
softer US rate yields and a weaker Nikkei were seen to weigh
*Reports that N. Korea has started moving ICBM for possible launch before
Saturday saw the yen strengthen across the board, dollar-yen dropped quickly
down to 109.21 before recovering modestly to Y109.33
*Key-support lies at Y109.19 (61.8% fib Y108.27-Y110.67), a break opens Y108.84
(76.4% on the same move), while resistance is found at Y109.83 (Asia's high)