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*Dollar-yen open Y109.71, range.........>

YEN SUMMARY
YEN SUMMARY: *Dollar-yen open Y109.71, range Y109.55 to Y109.92
*Dollar-yen opened in Asia toward the upper side of Tuesday's Y108.27 to Y109.90
range, where upbeat US consumer confidence data prompted further short-covering
from the risk-off trade seen in Asia following the N. Korean missile launch.
*After drifting lower to Y109.55 in early trade, demand into today's Tokyo-fix
took hold to send the dollar higher from near Y109.60 to Y109.92
*Once that interest had concluded, the dollar inched lower to Y109.67 in quiet
trade and heading towards the European open trades at Y109.72, precisely where
it started the day
*Hourly support is located at Y109.55, a break opens Y109.29 (38.2%
Y108.27-Y109.92), while Asia's top of Y109.92 provides resistance. Sources note,
supply on an approach to Y110.00, stops are parked above Y110.05, with fresh
supply seen into Y110.40
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