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*Aug2 dollar-yen open Y110.36, range....>

YEN SUMMARY
YEN SUMMARY: *Aug2 dollar-yen open Y110.36, range Y110.31 to Y110.84
*Dollar-yen opened in Asia toward the upper side of the Y109.93 to Y110.59 range
witnessed yesterday, where higher global equities undermined the yen.
*Firmer US rate yield and a stronger Nikkei pushed the dollar higher from around
Y110.35 to Y110.60.
*Dips were shallow and limited to Y110.49. Stop driven demand in Euro-yen from
model names then pushed the dollar Y110.84. 
*Supply is cited on an approach to Y111.00, with technical resistance then seen
at Y111.16 (daily trend-line resistance drawn off Y114.49 high), while Asia's
base at Y110.31 provides support.

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