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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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DOLLAR-YEN: The strong dollar theme continued overnight, supported by UST
yields, dollar-yen made a brief show above Y113.00 but lacked follow through. On
the topside next resistance is seen at Y113.21/26 (Sep28 high, Sep27 high), a
break opens Y113.27/30 (Equality rise from Y109.55 to Y107.32-111.04, Stops).
Focus today on the US jobs report with forecasts expected to rise by only 70k.
The impact of Hurricane Harvey and Hurricane Irma is clearly expected to show up
in this month's data, adding downside risk. Dollar-yen consolidates into Europe,
last Y112.95. 

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