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*Nov17 Dollar-yen open Y113.06, range...>

YEN SUMMARY
YEN SUMMARY: *Nov17 Dollar-yen open Y113.06, range Y112.40 to Y113.14
*Dollar-yen opened in Asia toward the middle of the Y112.76 to Y113.33 range
witnessed yesterday, where firmer US rate yields and stronger global equities
undermined the yen.
*The pair trading sideways between Y112.92 and Y113.14 in early Asia trade.
*Reports that Special Counsel Mueller has issued a subpoena for Russia-related
documents from Trump campaign officials caused widespread dollar weakness.
Dollar-yen eased lower from near Y113.00 to around Y112.80
*Once through yesterday's base at Y112.74 momentum increased to see the dollar
trade down to Y112.40 before meeting demand
*For the balance of the session the pair consolidated within a narrow Y112.45 to
Y112.61 range
*Hourly resistance is noted near Y112.95, while initial support is found at
Y112.38 (76.4% Y111.65-114.73).
*Focus is now on the opening of European markets and their reaction to the
Mueller/Trump news

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