Opened in Asia at Y113.74 toward the.....>

DOLLAR-YEN: Opened in Asia at Y113.74 toward the lower side of the Y113.48 to

Y114.24 range witnessed yesterday, where softer US earnings reports and

Republican in-fighting, threatening the prospects for tax reform, pressured the

dollar slightly lower. There is no significant economic data from Asia likely to

influence trading, US rate yields and regional equities will be garnered for

direction, Nikkei future were last -0.28%. There are several large option

expiries for today; Y113.00-05($1.86bn), Y113.50(646mn), Y113.60-61($1.09bn) and

Y113.95-114.00($887mn), that may act to contain the near term range. Key-support

is located at Y113.25 (38.2% fib Y111.65-Y114.24), while initial resistance lies

at Y113.86 (50% fib on yesterday's Y114.24-Y113.48 decline).