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Usd/Jpy: Nov17 close Y112.08, Nov20.....>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Nov17 close Y112.08, Nov20 Asia range Y111.89-112.22,
Europe Y111.95-112.22
*Eur-Jpy: Nov17 close Y132.21, Nov20 Asia range Y131.17-132.33, Europe
Y131.42-132.47
*Dollar-yen slipped back under Y112.00 in early Asia, pressure via Eur-Yen
following reports German coalition talks had collapsed saw the pair touch
extended lows of Y111.89
*Tokyo-fix related demand supported, rate consolidated either side of Y112.05
for the balance of the session
*The German coalition news triggered broad euro sales, Eur-Jpy slipped from
Y132.33 to react lows of Y131.17 before dip buyers cushioned falls
*The euro caught a fresh bid tone into Europe, the break of Y132.00 triggered
renewed momentum to Y132.20/25. Second wave demand extended through the Asia
high to Y132.47, before profit take sales eased
*Dollar-yen printed recovery highs of Y112.22, but later eased to the Y112.05/10
area.

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