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*Nov20 Dollar-yen open Y112.03, range...>

YEN SUMMARY
YEN SUMMARY: *Nov20 Dollar-yen open Y112.03, range Y111.89-Y112.20
*Dollar-yen opened in Asia toward the lower side of Friday's Y111.95 to Y113.14
range, where risk-off was the main theme with reports that Special counsel
Robert Mueller had issued a subpoena to President Trump's election campaign for
documents related to Russia.
*Dollar-yen consolidated between Y112.05 and Y112.20 in early trade
*Reports that German coalition talks had collapsed saw broad-based euro
weakness, dollar-yen fell from around Y112.10 to Y111.89 on Euro-yen supply. 
*Reported demand from Japanese importers and Tokyo-fix related buying pushed the
dollar higher from near Y111.90 to Y112.20. For the balance of the session
dollar consolidated in a Y111.95 to Y112.16 range 
*There are a couple of close-by strikes rolling off today at
Y111.90-112.00($1.2bn) and Y112.30($2.35bn) that have acted to contain the
near-term range in Asia
*Technical support is expected near to Y111.73-76 (100 & 200-dma's), while
resistance is found at Y112.36 (55-dma).

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