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*Nov10 Dollar-yen open Y113.47, range...>

YEN SUMMARY
YEN SUMMARY: *Nov10 Dollar-yen open Y113.47, range Y113.26 to Y113.52
*Dollar-yen opened in Asia toward the lower side of the Y113.09 to Y114.07 range
witnessed yesterday, where US Tax uncertainty and softer global equities
underpinned the Yen
*The Asia session was a low-key affair, the pair traded aimlessly between
Y113.26 and Y113.52 range. Surprisingly, movements in the Nikkei was totally
ignored, the cash index opened down 1.25% and extended losses to near 1.5%
before paring some losses and currently stands at down 0.80% for the session
* Initial resistance lies at Y113.58 (50% fib on yesterday's Y114.07-113.09
decline), while support is seen at Y113.09, with demand reported around Y113.00,
which also houses a rather large option expiry for today totalling $1.63bn.

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