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*Oct13 Dollar-yen open Y112.28, range...>

YEN SUMMARY
YEN SUMMARY: *Oct13 Dollar-yen open Y112.28, range Y112.02 to Y112.31
*Dollar-yen opened at Y112.28 toward the middle of yesterday's Y112.13 to
Y112.52 range, where softer UST yields and weaker US equities underpinned the
yen.
*For the most part, Asia investors were largely side-lined ahead of key-economic
data from the US today
*A mildly softer dollar theme across the board saw the rate move lower from
Y112.31 to Y112.02. Reports of local corporate demand provided a cushion and
recoveries were held to Y112.19. Heading toward the opening of European markets
the pair trades at Y112.15
*Large option expiries for today include; Y112.50($579mn), Y112.60($1.55bn),
Y112.65-70($660mn) and Y113.00($1.19bn)
*Support is seen at Y111.96/82, the level holds 38.2% fib retracement on
Y109.56-Y113.44 and 200-dma, while Asia's high of Y112.31 provides initial
resistance, a break to expose Y112.52 (Oct12 high)
*US CPI and Retail Sales provide the risk hurdles for the session ahead

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