Usd/Jpy: European open Y111.56, range...>

YEN SUMMARY: Usd/Jpy: European open Y111.56, range Y111.38-62, NY open Y111.59,

range Y111.60-112.15

*Moved through the 200-dma to Y111.77 following Fed Chair Yellen

remarks that said gradual rate increases appropriate path. The pair printed

fresh session highs of Y111.83.

*The buoyant dollar tone continued with added support from firmer UST

yields after the release of better than expected US Data. Usd/Jpy printed fresh

session highs of Y112.15 before meeting supply and fading back towards Y111.85.

*The dollar has pared back its recent gains, as US Tsys yields slide

and gold rallies off its lows. The rate dropped back to pullback lows of

Y111.69.

*A small bounce in the dollar as the Dow pared back some of its

 losses and US Tsys yields firmed, the rate grinded towards Y111.90.

*The remainder of the NY session witnessed a lackluster affair with no real

direction, tax talk and US Tsys yields pushed the rate back and forward between

Y111.70-112.00.