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Usd/Jpy: Europe open Y113.98, range.....>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Europe open Y113.98, range Y113.96-114.15, NY open
Y114.07, range Y113.64-114.43
*A burst dollar pressure following the release of weaker NFP
coming in at 261,000 (313,000 exp) and the average hourly earning coming in at
flat, witnessed the rate drop to fresh lows of Y113.64 before bouncing back
towards Y113.80.
*The dollar pared back a its post NFP losses. The rate grinded back over
Y114.00.
*The release of strong US ISM Index saw the dollar get a further lift with the
rate jumping to fresh session highs of  Y114.16.
*Persistent dollar demand as traders found themselves caught short dollars has
seen the rate go on and print fresh highs of Y114.24.
*Dollar demand continued across the board, as XAU sinks and US Tsys
yields firm has seen the rate print a new session high of Y114.43.
*As US Tsys yields fall and XAU recovers, the rate has followed suit
dropping to pullback lows of Y114.05.

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