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Usd/Jpy: European open Y112.71, range...>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: European open Y112.71, range Y112.50-75, NY open Y112.51,
range Y112.47-112.67 
*The dollar selling theme linked to month, quarter and year-end continued into
Europe. Recovery efforts remained shallow as the pair eased to Y112.50 ahead of
NY> 
*Fresh dollar supply into the NY open took out the reported bids through
Y112.50, with slippage extending to fresh session lows of Y112.47, before
recovering back towards Y112.55. 
*The London 4PM WMR has seen pressure on Yen via eur/yen, usd/yen has spiked to
recovery highs of Y112.67. 
*The pair remained in consolidation mode for the remainder session hovering
around Y112.60/65.

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