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Usd/Jpy: Europe open Y112.96, range.....>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Europe open Y112.96, range Y112.95-113.18, NY open
Y113.17, range Y113.10-40 
*Usd/Jpy dipped to Y112.95 at Europe open then extended recovery to Y113.18 as
US Tsys Yields firmed. 
*The pair continues to grind higher in light, uneventful trade, touching fresh
highs at Y113.22 in early NY. 
*As US Tsys Yields continue to firm the rate has followed suit with the rate
grinding to fresh session highs of Y113.30. 
*The pair slips a little following US Tsys Yields getting a shove lower, with
the rate dropping from its high print of Y113.30 towards Y113.15. 
*As US Tsys Yields firm and general dollar demand across the board the rate has
spiked to a fresh session high of Y113.40.

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