US Treasury removing China as a..........>

DOLLAR-YEN: US Treasury removing China as a currency manipulator provided a

returning Tokyo market the catalyst to extend Monday's rally to Y109.94, through

Y110.00 (said to have been with apparent ease, recent reports had suggested

decent option linked resistance into this level) with triggered stops taking the

move to a high of Y110.22. Domestic exporters were suggested providing a counter

as rate returned to Y110.00. However, the dip attracted fresh demand which took

rate back to Y110.13 into Europe but sellers emerged to press rate back under

the figure to Y109.96. The move above the 200-week ma (Y109.70) will be watched

with interest at Friday's close, if holds above seen opening potential for a

move toward the May21 high of Y110.67, with Y112.40 also seen technically

possible.