*Dec4 dollar-yen open Y112.49, range....>

YEN SUMMARY: *Dec4 dollar-yen open Y112.49, range Y112.44 to Y112.98

*Dollar-yen opened in Asia toward the upper side of Friday's Y111.41 to Y112.87

range, where the dollar was knocked lower as Flynn pleaded guilty to a charge of

lying to the FBI and agreed to testify against other Trump team members, but

rallied back on progress made over the US tax reform, with Republicans saying

they had the numbers to pass the bill.

*Dollar-yen was bid from the get-go, news over the weekend that the US Senate

had passed the tax bill saw the pair gap higher from Friday's close and then

push up from Y112.44 to Y112.98

*Failure to break through the Y113-handle then saw the dollar retreat to

Y112.66, the move was encouraged by weaker UST yields and a softer Nikkei

*Rallies were then held to Y112.90, another round of supply pushed the dollar

lower, but again found support at Y112.66

*For the balance of the session the pair consolidated between Y112.66 and

Y112.78