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*Oct19 Dollar-yen open Y112.93, range...>

YEN SUMMARY
YEN SUMMARY: *Oct19 Dollar-yen open Y112.93, range Y112.88-Y113.09
*Dollar-yen opened in Asia toward the upper side of yesterday's Y112.14 to
Y113.05 range, where higher US rate yields and firmer global equities undermined
the yen.
*Demand largely in Euro-yen pushed the dollar up from near Y112.93 to Y113.09
*Dollar then eased back to Y112.88, with sales reported from the local exporter
community.
*Consolidation then became the theme, the pair holding a Y112.90 to Y113.04
range ahead of the European open
*Option expiries for today between Y113.00-10 ($852mn), may act to contain the
near term range
*Resistance is located at Y113.19 (Bollinger band top), while hourly support is
located at Y112.75.

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