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*Nov7 Dollar-yen open Y113.71, range....>

YEN SUMMARY
YEN SUMMARY: *Nov7 Dollar-yen open Y113.71, range Y113.70 to $113.96
*Dollar-yen opened in Asia at the low side of yesterday's Y113.70 to Y114.73
range, where softer US rate yields placed the dollar on the defensive.
*Japanese names showed early demand that pushed the dollar up from Y113.70 to
Y113.82 before fading. Dips were limited to Y113.71, as UST yields opened and
traded modestly higher, dollar-yen edged to Y113.96 before interest subsided.
*For the balance of the session the dollar traded around Y113.90, despite Nikkei
charging higher, last +1.2%
*Daily trend-line support is located at Y113.52, while Initial resistance is
located at Y114.09 (38.2% fib on yesterday's Y114.73 to Y113.70 decline).

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