Japanese/Real money accounts supported...>

DOLLAR-YEN: Japanese/Real money accounts supported off the low (Y112.38)

overnight, Usd/Jpy recovered to the Y112.55/60 area before fading. As UST yields

firmed ahead of Europe, rate managed to squeeze out a fresh high of Y112.67 and

holds firm at typing. Next resistance is seen at Y112.77/83 (55 & 50-dma's),

option-related supply behind at Y113.00 (Expiry $816mn).

* The US calendar gets underway at 1330GMT, with the release of the November

trade data. The international trade gap is expected to widen to $46.7 billion in

October from $43.5 billion in September.

* The November final Markit Services Index will be released at 1445GMT, with the

ISM Non-Manufacturing Index due at 1500GMT. The ISM nonmanufacturing index is

expected to pull back to a reading of 59.0 in November after another increase to

60.1 in October.

* Option expiries today at Y111.00($415mn), Y112.00($1.17bn), Y113.00($816mn),

Y114.00($882mn), Y114.15($650mn), Y115.00($716mn), Y116.00($1.18bn).