*Aug3 dollar-yen open Y110.72, range....>

YEN SUMMARY: *Aug3 dollar-yen open Y110.72, range Y110.58 to Y110.83. Euro-yen

open Y131.27, range Y130.89 to Y131.33

*Dollar-yen opened in Asia toward the upper side of the Y110.29 to Y110.98 range

witness by European and US markets yesterday, where broad based dollar weakness

was negated by demand in Euro-yen, leaving the pair mostly range-bound

*Modest dollar strength lifted the rate higher from Y110.67 to Y110.83 in early

trade

*As regional equities opened lower and slipped further into the red the dollar

followed suit, the rate easing from around Y110.80 to Y110.58

*With regional equities starting to pare some losses, the dollar recovered to

Y110.75, not too far from this morning's opening level.

*Both Corporate and option supply is reported around Y111.00, technical

resistance is seen just ahead at Y110.95 (daily trend-line off Y114.49), while

hourly support is located at Y110.29.

*Euro-yen, in-line with softer regional equities, the cross moved lower from

around Y131.30 to $130.89 before recovering to Y131.19.