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*Dec15 dollar-yen open Y112.39, range...>

YEN SUMMARY
YEN SUMMARY: *Dec15 dollar-yen open Y112.39, range Y112.11 to Y112.40
*Dollar-yen opened in Asia toward the lower side of yesterday's Y112.07 to
Y112.88 range, where weaker US rate yields and softer equities underpinned the
yen.
*Dollar-yen eased from around Y112.40 to Y112.26 before meeting demand. The move
was reportedly led by euro-yen sales from quant names
*Tokyo-fix related demand then pushed the dollar back to Y112.37
*The pair then eased lower from around Y112.35 to Y112.11 with Japanese equities
seen to weigh
*Dollar-yen spiked to Y112.38 on reports that a BoJ dissenter had called for
more easing measures
*Option strikes rolling off today include; Y112.00 ($1.14bn), Y112.25($1.75bn),
Y112.50($1.38bn), Y112.75($510mn) and Y113.00($790mn),
*Key-support is located at Y111.95 (61.8% fib Y110.84-Y113.75 rise), while
yesterday's high of Y112.88 provides initial resistance.

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