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*Sep8 Dollar-yen open Y108.48, range....>

YEN SUMMARY
YEN SUMMARY: *Sep8 Dollar-yen open Y108.48, range Y108.05 to Y108.49
*Dollar-yen opened in Asia toward the lower side of the Y108.05 to Y109.27 range
witnessed yesterday, where broad-based dollar weakness amid softer US rate
yields was the main theme.
*The softer close encouraged further dollar selling shortly after the Tokyo
open, the dollar dropping from around Y108.40 to Y108.14 before stalling
*Post-fix, short covering lifted the pair from Y108.25 to Y108.49
*Broad-based dollar weakness then sent the rate down to Y108.05, where option
protection ahead of the Y108.00 barrier surfaced to push the dollar back to
Y108.25.
*For the balance of the session the dollar consolidated toward the low and held
a Y108.07 to 108.24 range
*Stops are widely reported on a break of Y108.00

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