*Sep28 Dollar-yen open Y112.84, range...>

YEN SUMMARY: *Sep28 Dollar-yen open Y112.84, range Y112.71 to Y113.13

*Dollar-yen opened in Asia toward the upper side of yesterday's Y112.22 to

Y113.26 range, where firmer US rate yields and higher equities placed the yen on

the defensive

*Initially easing to Y112.71 Tokyo-fix related demand pushed the dollar to

Y112.93. Post-fix, the rate eased back to Y112.72. 

*Firmer UST yields then pushed the dollar back to Y112.90. As the benchmark

10-year yield jumped above the 200-dma, the dollar overcame the Y113 handle to

trade to Y113.13

*The pair remained elevated heading toward the European open and was last at

Y113.10.

*Resistance lies at Y113.26 (Sep27 high), a break opens Y113.50/58 (1.618% swing

Y112.72-111.48, Jul14 high), while Asia's base at Y112.71 provides support.