The pair has been under pressure since last night as investors offloaded on safe-havens amid signs that tensions are easing in the Ukraine, although overall ranges and flows have generally remained very thin today in the Asia-Pacific. Dollar-yen started at Y102.21 while euro-yen opened at Y140.47 this morning. Dollar-yen got up to an early high of Y102.30 but was then turned back lower in initial dealings. It slipped to Y102.17 after Japanese stock markets started their day and eventually retreated to Y102.12 amid talk of offers by Japanese names and possible option-related sellers as well from themorning’s high up to Y102.50. Euro-yen also turned down after an initial rise to Y140.58, trading a morning low of Y140.26. Immediate dollar-yen support is currently seen at the 100-day moving average at Y101.96, and then yesterday’s Y101.40 Asian session low.
