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DOLLAR-YEN
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. 
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