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YEN SUMMARY: *Oct18 Dollar-yen open Y112.20, range Y112.14 to Y112.27
*Dollar-yen opened in Asia toward the lower side of yesterday's Y112.04 to
Y112.48 range, where consolidation was the theme.
*An extremely slow day in Asia, dollar-yen trekked between Y112.14 to Y112.27
with little in the way of flows to report
*Further range-trading may be seen in the session ahead, there are $2.5 billion
worth of expiries between Y112.00-Y112.50 rolling off later today, the largest
expiry lies at Y112.30 for $1.15bn.
*Key-resistance lies at Y112.55 (50% fib Y113.44-Y111.65), while hourly support
is found at Y112.04.

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