Dollar-yen: Oct25 close Y113.74,........>

YEN SUMMARY: Dollar-yen: Oct25 close Y113.74, Oct26 Asia range Y113.37-76,

Europe Y113.34-80

*Euro-yen: Oct25 close Y134.25, Oct26 Asia range Y134.10-38, Europe Y134.13-49

*Tokyo names were the early sellers in Asia to Y113.54

*Recoveries were held to Y113.71, softer US TSY yields then encouraged another

wave of supply to Y113.37, before dip buyers cushioned to hold either side of

Y113.50

*Dollar-yen opened heavy in Europe, rate moved through the Asia low to Y113.34

but soon faded

*As UST yields started to firm dollar-yen pared early losses, cross demand

squeezed to Y113.80

*Euro-yen consolidated in a narrow Y134.13-49 range. Topside gains were capped

ahead of Y134.50 and later drifted to the Y134.20/25 area. Key tech resistance

seen at Y134.60/64 (Dec4 2015 high, 1.618% swing Y133.50-131.66)

*Main focus on the ECB at 1145GMT, US data from Weekly Jobless Claims/Wholesale

Inventories (1230GMT), followed by Pending Home Sales (1400GMT).