*Nov28 dollar-yen open Y111.09, range...>

YEN SUMMARY: *Nov28 dollar-yen open Y111.09, range Y110.93 to Y111.33

*Dollar-yen opened in Asia toward the lower end of yesterday's Y110.84 to

Y111.69 range, where reports that North Korea is preparing for a missile launch

test, hit risk and underpinned the yen.

*Dollar-yen rose sharply from around Y111.08 to Y111.30 shortly after the open,

investors were reacting to comments from Fed Chair nominee Jerome Powell who

said, 'he expects interest rates to rise somewhat further', the move proved to

be a knee jerk reaction, the dollar eased to Y111.02

*Japanese equities opened lower and extended losses,albeit, marginally,

dollar-yen followed and pushed lower from around Y111.20 to Y1110.93 before

meeting solid  demand

*Demand predominantly from Japanese names pushed the dollar higher from around

Y111.00 to Y111.33, pullbacks were limited to Y111.16 and heading toward the

European open trades at Y111.20

*Support is located at Y110.71 (Daily cloud base), while resistance is found at

Y111.37/46 (61.8% Y111.69-Y110.84, hourly high).