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*Dec11 dollar-yen open Y113.47, range...>

YEN SUMMARY
YEN SUMMARY: *Dec11 dollar-yen open Y113.47, range Y113.43 to Y113.69
*Dollar-yen opened at the upper side of the Y113.08 to Y113.59 range witnessed
on Friday, where after a choppy session post-NFP's, higher yields and firmer US
equities placed the yen on the defensive
*Dollar-yen rose from around Y113.45 to Y113.69, Japanese lifers were the
reported buyers, they also showed demand in euro-yen and maybe have similar
interest in sterling-yen.
*Once that interest was completed, the dollar then eased to Y113.54
*For the balance of the session the pair consolidated a few pips either side of
Y113.60
*Key-resistance lies at Y113.81 (76.4% fib retracement Y114.73-110.84 decline),
while hourly support is located at Y113.13.

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