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*Sep29 Dollar-yen open Y112.34, range...>

YEN SUMMARY
YEN SUMMARY: *Sep29 Dollar-yen open Y112.34, range Y112.27 to Y112.69
*Dollar-yen opened in Asia toward the lower side of the Y112.26 to Y113.21 range
witnessed yesterday, where modest US dollar weakness was the main theme as
profit-taking set in.
*Japan's data deluge has largely went unnoticed, although a healthy bounce in
Household spending was seen and Industrial Production rose by 2.1%m/m against
expectations of 1.8%, while Retail Sales dropped 1.7%m/m, from 1.1%m/m prior
*Dollar-yen rose from around Y112.40 to Y112.67 on larger-than-expected demand
into today's Tokyo-fix
*Pullbacks were shallow and limited to Y112.53, further demand then saw the
dollar push to a fresh session high of Y112.69
*For the balance of the session the pair consolidated within a tight Y112.56 to
Y112.67 range.
*Hourly resistance is seen in the mid-Y112.70's, while Asia's low of Y112.27
provides support

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