*Dec20 Dollar-yen open Y112.89, range...>

YEN SUMMARY: *Dec20 Dollar-yen open Y112.89, range Y112.84 to Y113.01

*Dollar-yen opened in Asia toward the upper side of yesterday's Y112.51 to

Y113.08 range, where firmer UST yields kept the yen on the defensive.

*Momentum names showed early demand pushing the dollar up from Y112.84 to

Y113.01. Domestic corporate supply surfaced to see the dollar drop back to

Y112.86

*For the balance of the session the dollar crawled higher to Y113.00, but for

now, the noted sellers continues to see the topside capped.

*Resistance lies at Y113.09, which marks the 61.8% fib retracement on

Y113.75-Y112.03 decline, a break to expose Y113.34 (76.4% on the same move),

while yesterday's base of Y112.51 provides support.

*Eur/Jpy was in consolidation mode after yesterday's strong rally on rising bund

yields and held a narrow Y133.62-Y133.82 range