*Nov29 dollar-yen open Y111.48, range...>

YEN SUMMARY: *Nov29 dollar-yen open Y111.48, range Y111.38 to Y111.67

*Dollar-yen opened in Asia toward the upper side of yesterday's Y110.93 to

Y111.64 range, where progress on the US tax bill, trumped risk-aversion over the

latest North Korea missile launch, leaving the dollar better bid on the session.

*After consolidating between Y111.39 and Y111.51 in early trade, the opening of

Tokyo markets brought demand from Japanese names that lifted the dollar higher

from near Y111.50 to Y111.67 before fading modestly

*News that N Korea was going to make an important announcement saw the dollar

ease lower from near Y111.60 to Y111.38. N. Korea said they fired a new type of

ICBM that was capable of reaching all of the US mainland and their missile

programme will not threaten any country as long as they do not infringe on N

Korea's sovereign gains. 

*Dollar recovered to Y111.56 and then consolidated between Y111.45 and Y111.52

heading towards the European open.