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Usd/Jpy: Europe open Y109.81, range.....>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Europe open Y109.81, range Y109.39-81, NY open Y109.73,
range Y109.49-109.75.
*Early Europe held steady around Y109.80 before S.Korea reported detecting
preparation for a N.Korea missile launch(Sep9?).
*Usd/Jpy dropped to Y109.39 with recovery efforts this time capped at Y109.61.
Rate settled around Y109.50 late morning.
*Recovery off the earlier risk inspired dip low of Y109.39, extends
on to Y109.76
*Broad based dollar pressure in a very lackluster market with the
absence of N.A has seen the rate drop towards Y109.60.
*Further pressure on the dollar at the 4PM WMR has seen the rate drop
to Y109.50.
*The dollar has slowly pared back its WMR losses with the rate grinding towards
Y109.70
into the European close.
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