*Sep26 Dollar-yen open Y111.73, range...>

YEN SUMMARY: *Sep26 Dollar-yen open Y111.73, range Y111.50 to Y111.80

*Dollar-yen opened in Asia toward the lower side of the Y111.48 to Y112.53 range

witnessed yesterday, where deteriorating risk sentiment amid the latest rhetoric

from N Korea led to safe-haven flows and placed the yen on the front foot.

*Dollar-yen traded sideways within a Y111.67 to Y111.80 range in early trading

*Tokyo-fix related supply and reports that N. Korea has been moving airplanes to

the east coast, boosting defences, encouraged a move lower from near Y111.75 to

Y111.54

*Post-fix, dollar-yen consolidated in a Y111.60 to Y111.72 range

*Resumption of Nikkei trading after the lunch-break saw the cash index head

deeper into negative territory, in-turn, dollar-yen eased lower from the

mid-Y111.60's to Y111.50. Heading toward the opening of European markets the

pair remained on the defensive and was last at Y111.52

*Support is located at Y111.48 (Sep25 low), a break opens Y111.14 (50%

Y109.56-Y112.72), while hourly resistance is located at Y111.80