Opened in Asia at Y114.01 toward the.....>

DOLLAR-YEN: Opened in Asia at Y114.01 toward the middle of the Y113.70 to

Y114.34 range witnessed yesterday, where consolidation was the main theme.

Chinese October trade data provides the main event risk during the session,

while there is no-set time, it usually is released around 0200GMT. Exports are

expected at 7.1% y/y, imports 17.0% y/y and the trade balance is expected to

come in at $39.10bn, up from $28.5bn prior. In option space, there are several

large option expiries for today; Y113.72-75($1.05bn), Y113.95-114.00($980mn) and

Y114.50($1.34bn), that may act to contain the near term range. Daily trend-line

support is located at Y113.64, while hourly resistance is located around

Y114.30.