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*Jul31 Dollar-yen open Y110.64, range...>

YEN SUMMARY
YEN SUMMARY: *Jul31 Dollar-yen open Y110.64, range Y110.31-Y110.74
*Dollar-yen opened in Asia toward the lower side of Friday's Y110.55 to Y111.33
range, where softer US data and safe-haven flows underpinned the yen
*Raised geopolitical concerns as Abe and Trump agree that further action needs
to be taken on North Korea was seen to push the dollar lower from around Y110.70
to Y110.50. Recoveries were held to Y110.66, Tokyo-fix related supply then took
hold to see the rate ease to Y110.31
*After the fix concluded the dollar recovered to Y110.60 and then consolidated
in the Y110.50's ahead of the European open 
*Support is noted at Y110.17 (76.4% Y108.83-114.49 & daily Bollinger band base),
while hourly trend-line resistance is seen at Y110.83
*German Retail Sales and Eurozone CPI provide the event risk for the session
ahead (cross-flow)

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