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Usd/Jpy: Nov28 close Y111.35, Nov29.....>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Nov28 close Y111.35, Nov29 Asia range Y111.38-67, Europe
Y111.38-57
*Eur-Jpy: Nov28 close Y131.90, Nov29 Asia range Y131.89-132.30, Europe
Y132.13-39
*Usd/Jpy consolidated between Y111.39-51 in early Asia, the opening of Tokyo
brought demand from Japanese names, the dollar lifted to Y111.67 before fading
*News that N Korea were to make an important announcement saw the dollar pare
gains to Y111.38. N. Korea said they fired a new type of missile that was
capable of reaching all of the US mainland
*Consolidation largely remained the theme in Europe, Usd/Yen was held to a
narrow Y111.38-57 range
*As cross sales started to pressure, failure to take out the Asia low (Y111.38)
triggered profit take demand to hold Y111.45/50
*The Eur/Yen recovery off N Korea react lows (Y132.03) extended into Europe,
rate touched Y132.30 before fading. Strong German State CPI readings supported
throughout the morning, rate managed to grind out a fresh high of Y132.39.

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