*Jul28 Dollar-yen open Y111.26, range...>

YEN SUMMARY: *Jul28 Dollar-yen open Y111.26, range Y110.93 to Y111.33

*Dollar-yen opened in Asia toward the middle of yesterday's Y110.78 to Y111.71

range, where after a choppy session firmer UST yields was seen to underpin the

greenback.

*Early Tokyo players pushed the dollar lower from around Y111.30 to Y111.11.

Rallies were shallow and held to Y111.20. Tokyo-fix related supply then took

hold to send the dollar down to Y110.93

*Once that interest was concluded, the dollar consolidated within a tight

Y111.03 to Y111.16 range

*Option expiries for today include; Y110.80($1.24bn), Y111.00($1.45bn),

Y111.27-30($540mn) and Y112.00($781mn).

*Hourly resistance is located at Y111.33-34, while below Asia's Y110.94 low

support is located at Y110.78 (Jul27 low).