*Nov8 Dollar-yen open Y114.01, range....>

YEN SUMMARY: *Nov8 Dollar-yen open Y114.01, range Y113.64 to Y114.03

*Dollar-yen opened in Asia at Y114.01 toward the middle of the Y113.70 to

Y114.34 range witnessed yesterday, where consolidation was the main theme during

European and US markets.

*Real money accounts were the active sellers in early Asia, the rate easing from

around Y114.00 to Y113.66. The move coincided with a newspaper (WP) report that

said, Senate Republican leaders are considering a one-year delay in the

implementation of a major corporate tax cut, the paper cited four people

familiar with a draft legislation

*Recoveries were held to Y113.82, another round of supply pushed the dollar to a

fresh low of Y113.64 and meeting decent technical support head-on.

*For the balance of the session the dollar was capped at Y113.86 and was held to

a base of Y113.73

*Rising daily trend-line & 61.8% Y112.96-114.73 is seen at Y113.64, while Asia's

top of Y114.03 provides initial resistance