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Usd-Jpy: Dec7 close Y113.05, Dec8.......>

YEN SUMMARY
YEN SUMMARY: Usd-Jpy: Dec7 close Y113.05, Dec8 Asia range Y113.08-44
*Eur-Jpy: Dec7 close Y133.15, Dec8 Asia range Y133.12-46
*Usd/Jpy surged through Y113.00 in late NY Thursday, the move linked to firmer
UST yields saw the rate extend to Y113.14 before easing
*The firm dollar tone spilled over into Asia after President Trump announced
infrastructure plans in January and the Senate passed a temporary spending bill
to fund the government to Dec 22
*Usd/Jpy challenged reported offers around the Y113.20/25 area, but soon faded
*Tokyo-fixing demand supported the dip, firmer UST yields extended gains to
Y113.39
*A period of consolidation saw the pair hold a narrow 10 pip range, before fresh
demand out of Tokyo triggered reported stops through Y113.40
*Eur/Jpy remained well supported ahead of Y133.05/00, the cross largely tracked
Usd/Jpy throughout the session and managed to grind out a fresh high of Y133.46
*Main focus today on the US jobs report at 1330GMT for clearer direction.  

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