*Aug9 Dollar-yen open Y110.32, range....>

YEN SUMMARY: *Aug9 Dollar-yen open Y110.32, range Y109.74 to Y110.36

*Dollar-yen opened in Asia toward the lower side of yesterday's Y110.25 to

Y110.83 range, where dollar strength amid upbeat US data gave way to safe haven

flow following Trump's 'fire and fury' comments to North Korea.

*Risk aversion was the overriding theme in Asia amid raised rhetoric from both

Washington and Pyongyang. Dollar-yen was sold from the Tokyo open, the rate

dropping from around Y110.30 to Y110.07

*Japanese equities opened lower and immediately came under intense selling

pressure, the dollar followed suit falling quickly through Y110.00 to Y109.74

*Although equities remained under pressure, demand in Euro-yen from Japanese

Asset managers provided a much needed cushion for dollar-yen 

*For the balance of the session, the pair consolidated between Y109.79 and

Y109.93 and heading to the opening of European markets remained on the defensive

at Y109.90.