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Usd/Jpy: European open Y111.17, range...>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: European open Y111.17, range Y111.15-38, NY open Y111.36,
range Y111.06-111.64
*Persistent yen demand saw the rate continue its downward trend, Usd/Jpy touched
pullback lows of Y111.15
*Brady commented via CNBC that 'confident' senate will come
through on Tax Bill, triggered fresh dollar demand to fresh session highs of
Y111.47 before fading.
*The dollar pared back some of it gains, as gold rallied and US Tsys
yields fell, usd/yen dropped back towards Y111.25.
*As Pelosi and Schumer pulled out of meeting with President Trump
over stopping government shut down. The pair followed suit dropping to pullback
lows of Y111.11 before bouncing back.
*React to news that NK had launched a ballistic missile test, the pair dropped
from Y111.47 to pullback lows of Y111.05 before bouncing back towards Y111.40.
*The dollar received a further lift over news on US tax reform with rate spiking
to session highs of Y111.64.

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