YEN SUMMARY: Opened at Y84.15/107.92 after Y84.01/55 and Y107.46/108.25
overnight ranges.
-- Dollar had found support at Y84.01 in European dealings amid
talk of Danish and Dutch bank buys of the pair at the base, reinforcing
recent similar interest from the same names over recent days and said in
good size. Dollar retreated in early dealings but found a base around
Y84.05 (real money interest) as euro dipped to Y107.70, both then
lifting again to Y84.30/108.30 as euro-dollar gains provided lift, the
dollar then stretching to Y84.45 as upbeat pending home sales data
boosted the greenback, leaving euro-yen around Y108.00/20. Dollar gains
faded into midday as the greenback retreated to Y84.10 as stocks
relinquished gains into midday, euro-yen easing back to Y107.90.
Stocks rebound into the close, with dollar-yen and the cross firming
also. Dlr-yen closing at Y84.32, euro-yen at Y108.15