The pair closed in NY Wednesday at Y101.20 after seeing Nikkei inspired lows of Y100.71. Early sales of Nikkei futures pre Tokyo saw dollar-yen pressed to extended lows of Y100.59. Rate recovered into the Tokyo open with market seen caught short on Gotobi Day fix demand, the rate rallying back to a high of Y101.54 before momentum faded. Nikkei turned lower through the Asian afternoon and pressed dollar-yen back below Y101.00, the move extending to Y100.56 ahead of the European open, with recovery efforts remaining very shallow. Asian traders note decent demand in place at Y100.50 , with interest said to extend down to stronger interest placed around Y100.00. Euro-yen tracked dollar-yen moves overnight, opening at Y130.95 before dipping to Y130.33, bouncing to Y131.47 before drifting off through the Asian afternoon to Y130.54.
