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Usd/Jpy: Europe open Y113.40, range.....>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Europe open Y113.40, range Y113.37-64, NY open Y113.55,
range Y113.34-113.57 
*Rate rallied to a high of Y113.64 in early Europe before it settled back around
Y113.50 into the NY open.
*The release of weaker than expected US Jobless claims and slightly
weaker GDP data saw pressure on the dollar, although the reaction was
somewhat muted, the rate dropped towards Y113.45.
*The dollar came under pressure across the board, as US Tsys Yields
slipped and stocks rallied, the rate dropped towards Y113.35.
*The dollar received a lift at the 4 PM WMR with the rate
grinding towards Y113.55.
*As US Tsys Yields drifted lower the dollar followed suit with the rate tricking
towards Y113.40.

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