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*Nov6 Dollar-yen open Y114.04, range....>

YEN SUMMARY
YEN SUMMARY: *Nov6 Dollar-yen open Y114.04, range Y113.95 to Y114.73
*Dollar-yen opened in Asia toward the middle of the Y113.64 to Y114.43 range
witnessed on Friday, where upbeat US ISM and Factory Order data supported both
the dollar and US equities.
*Dollar-yen consolidated within a Y113.95 to Y114.21 range ahead of the Tokyo
open.
*Tokyo-fix related demand pushed the dollar up from near Y114.20 to Y114.44.
Post-fix, higher UST yields saw stops triggered above Y114.50, the rate racing
to Y114.73. The move closely followed comments from Kuroda and may have been
used as an excuse to trigger stops, although his comments were nothing new.
Kuroda said, Still long way to achieve 2% target price, Will persistently
continue powerful easing and Targeting 2% CPI leads to FX stability in long term
*As US rate yields began to pare gains the dollar edged lower to Y114.37 before
meeting demand
*With Nikkei sliding into negative territory the dollar eased from near Y114.40
to Y114.22 and nearing the European opens trades at Y114.27.

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