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*Sep6 Dollar-yen open Y108.81, range....>

YEN SUMMARY
YEN SUMMARY: *Sep6 Dollar-yen open Y108.81, range Y108.50 to Y108.81
*Dollar-yen opened in Asia toward the lower side of the Y108.63 to Y109.83 range
witnessed yesterday, where weaker US rate yields, dovish Fed rhetoric and softer
US data, all combined to keep the dollar on the defensive.
*Dollar weakness continued to be the theme in early Asia, the greenback dropped
below yesterday's Y108.63 base to print a fresh low at Y108.50
*Demand from Tokyo players surfaced to see the dollar trade back to Y108.80
before stalling
*For the balance of the session the dollar consolidated between Y108.60 to
Y108.70
*Demand is said to be scattered from Y108.50 to Y108.20, while supply is
reported between Y108.90-Y109.00.
*German Factory Orders at 0600GMT provides the initial risk-hurdle for the
session ahead (Euro-yen flows)

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