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Opened in Asia at Y113.44 towards the....>

DOLLAR-YEN
DOLLAR-YEN: Opened in Asia at Y113.44 towards the lower side of yesterday's
Y113.25 to Y114.10, where after having the upper-hand, the dollar yielded ground
late in the NY session as US equities and rate yields slipped lower. Nikkei
Japan PMI provides a modest event risk during the session, but the main focus
will be on Japan's equity open and their reaction to a softer Wall St, Nikkei
futures were last -0.55%. Key-support is located at Y113.16 (38.2% fib
Y111.65-Y114.10), with reported stops below Y113.10, while hourly resistance is
found at Y113.78. Dollar-yen was last at Y113.49.

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