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

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.