Opened in Asia at Y113.64 toward the.....>

DOLLAR-YEN: Opened in Asia at Y113.64 toward the upper side  of yesterday's

Y112.96 to Y113.73 range, where firmer European and US equities, stronger UST

yields helped to keep the Yen on the defensive. Japan's Manufacturing PMI

(0030GMT) provides a modest event risk for the local market, arguably, more

reaction to risk will come from Caixin's China PMI (0145GMT). In option space,

close-by expiries for today include; Y113.00($806mn), Y113.25($485mn),

Y113.50($515mn), Y113.75($581mn) and Y114.00($910mn), they may well act to

contain the near-term range. Resistance is noted at Y113.88 (61.8%

Y114.45-Y112.96), while hourly support is located in the mid-Y113.30's.

Dollar-yen currently sits at Y113.65, in the middle of the Y113.61-69 range seen

so far this morning.