Opened in Asia toward the lower side.....>

DOLLAR-YEN: Opened in Asia toward the lower side of yesterday's Y112.07 to

Y112.88 range, where weaker US rate yields and softer equities underpinned the

yen. Q4 Japanese Tankan (2350GMT), provides the event risk to the session, MNI's

forecast for DI of large mfg/non-mfg +23/+24, while 2017 capex is expected at

7.2% from 7.7% prior. In option space, strikes rolling off today at Y112.00

($1.14bn), Y112.25($1.75bn), Y112.50($1.38bn), Y112.75($510mn) and

Y113.00($790mn), will likely see the near-term range contained. Key-support is

located at Y111.95 (61.8% fib Y110.84-Y113.75 rise), while yesterday's high of

Y112.88 provides initial resistance. Dollar-yen is currently changing hands at

Y112.33.