Usd/Jpy: Europe open Y109.06, range.....>

YEN SUMMARY: Usd/Jpy: Europe open Y109.06, range Y108.83-109.11, NY open

Y108.88, range Y108.05-108.97

*The dollar came under pressure in early NY following US Tsys yields, with the

rate printing a new intra-day low of Y108.82.

*Following US Tsys yields falling, the pair followed suit, with

the rate printing a new intra-day low of Y108.64.

*The dollar received a lift following profit taking in eur/usd and US

Tsys yields paring back some of its losses, as the rate jumped towards Y108.95.

*As US Tsys yields fell and XAU spiked, stops were triggered through the break

of Y108.50, with the pair printing a new intra-day low of Y108.31

*A Fresh wave of dollar pressure following US Tsys Yields continuing

to drop witnessed stops triggered on the break of Y108.25. The pair

dropped to a new intra-day low of Y108.05 before dip buyers emerged pushing the

rate towards Y108.20.

*The rate gets a lift, as US Tsys yields pare back some of its losses

and XAU falls from its highs, with the rate grinding towards Y108.70.