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Usd/Jpy: Nov24 close Y111.55, Nov27.....>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Nov24 close Y111.55, Nov27 Asia range Y111.32-69, Europe
Y111.16-46
*Eur-Jpy: Nov24 close Y133.12, Nov27 Asia range Y132.69-133.23, Europe
Y132.68-92
*Tokyo-fix related demand lifted Usd/Jpy from Y111.40 to Y111.69 in early Asia
*Post-fix, the dollar eased to Y111.34, modest risk-off was the theme amid
weaker regional equity markets
*Recoveries were held to Y111.46 and as the Nikkei extended losses post-lunch,
rate drifted to Y111.32
*The dollar encountered renewed selling pressure across the board into Europe
*Slippage through the Asia low (Y111.32) extended to Y111.16 before dip buyers
cushioned falls
*Fast money sellers in Eur-Yen had pressured through Y133.00 to Y132.72
overnight. However, the cross witnessed an uneventful European session and
largely consolidated between Y132.68-92. Yen pairs last Y111.25/Y132.70.

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