Found decent support into Y112.00 in.....>

DOLLAR-YEN: Found decent support into Y112.00 in early Asian dealing before

demand began to lift rate. Rate stepped its way to an eventual high of Y112.43

with Asian traders noting headwind sales encountered on the way up. One trader

suggested Japanese real money were putting on hedges and were providing the

counter though no confirmation for this found thus far. Resistance seen into

Thursday's high of Y112.53, a break to expose next band of resistance between

Y112.80/85. Support remains into Y112.00, Y111.85/80 with stronger interest

noted between Y111.60/50. Recent risk aversion was given some respite in Asia as

equity markets steadied. Equity market performance will remain in focus as US Q3

earnings season gets underway, Citi, JPM and Wells Fargo announce ahead of the

NY open.