Currently trading at Y112.11 toward......>

DOLLAR-YEN: Currently trading at Y112.11 toward the upper side of the Y111.89 to

Y112.20 range seen so far today. Reported demand from domestic importers and

fix-related buying brought the dollar up from near Y111.90 to Y112.20, the pair

since orbiting around Y112.10. Nikkei and UST are both a modest negative, the

cash index opened lower by 0.5% and currently trades down 0.34%, and the

benchmark 10-year treasury yield is currently trading down 0.38%. There are a

couple of close-by strikes rolling off today at Y111.90-112.00($1.2bn) and

Y112.30($2.35bn) that are acting to contain the near-term range. Below Asia's

base technical support is expected near to Y111.73-76 (100 & 200-dma's), while

resistance is found at Y112.36 (55-dma).