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Opened in Asia toward the middle of......>

DOLLAR-YEN
DOLLAR-YEN: Opened in Asia toward the middle of the Y112.38 to Y112.87 range
witnessed yesterday, where consolidation was largely the theme. There is no
significant economic data to impact trading, direction will be garnered from
regional equities, Nikkei futures were last down 0.3%. Nearby options expiries
for today include; Y111.75-80($1.12bn), Y112.00($598mn), Y112.25-30($633mn) and
Y112.75($916mn). Initial resistance lies at Y112.87 (Dec5 high), with supply
then reported around Y113.00, while hourly support is seen just ahead of
Y112.40. 

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