*Nov30 dollar-yen open Y111.93, range...>

YEN SUMMARY: *Nov30 dollar-yen open Y111.93, range Y111.88 to Y112.11

*Dollar-yen opened in Asia toward the upper side of the Y111.38 to Y112.15 range

witnessed yesterday, where firmer US rate yields placed the yen on the

defensive.

*Demand in euro-yen reportedly from Japanese asset managers, helped dollar-yen

to push higher from near Y111.90 to Y112.11. Once that interest was concluded

consolidation took hold, the pair confined to a Y111.94-Y112.08 range ahead of

the European open.

*In option space, close-by strikes rolling off today include; Y111.75($550mn),

Y112.00-05($429mn) and Y112.15-20($601mn).

*Initial resistance is seen at Y112.15 (Nov29 high), a break to expose Y112.33

(38.2% fib retracement Y114.73-110.84 decline), while below Asia's Y111.88 base,

support is noted at Y111.65-69 (38.2% fib Y110.84-Y112.15 and hourly low).