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General dollar weakness has seen the.....>

DOLLAR-YEN
DOLLAR-YEN: General dollar weakness has seen the rate edge lower from around
Y112.45 to Y112.23. As we noted yesterday, there are huge option expiries for
this week between Y112-113 for in excess of $22 billion that may see the
near-term range contained. Japanese equities are not providing any encouragement
to trade, Nikkei currently around flat. Further range trading seem likely for
Asia markets. Initial resistance lies at Y112.54 (38.2% fib Y113.44-Y111.99
decline), while hourly support is found at Y112.12. Dollar-yen was last at
Y112.30

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