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*Oct27 Dollar-yen open Y113.98, range...>

YEN SUMMARY
YEN SUMMARY: *Oct27 Dollar-yen open Y113.98, range Y113.97 to Y114.26
*Dollar-yen opened in Asia toward the upper side of the Y113.34 to Y114.08 range
witnessed yesterday, where higher UST yields and favourable US tax reform
developments, placed the dollar on the offensive
*Broad-based dollar demand from the get-go saw the rate overcome yesterday's
Y114.08 high and post a top at Y114.15 before fading.
*Fix-related demand then pushed  dollar up from near Y114.00 to Y114.16, the
move extended to a session high of Y114.26 with demand cited from Japanese Trust
names.
*Dips were then held to Y114.08 and for the balance of the session the dollar
reverted to consolidation-mode and did not stray too far from Y114.10
*Option expiries for today at Y114.00($1.42bn) and Y114.42-50($1.53bn) may act
to contain the near-term range.
*Key resistance lies at Y114.33 (61.8% fib retracement Y118.66-Y107.32), while
Asia's Y113.97 provides initial support

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