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*Sep4 Dollar-yen open Y109.36, range....>

YEN SUMMARY
YEN SUMMARY: *Sep4 Dollar-yen open Y109.36, range Y109.23 to Y109.93
*Dollar-yen gapped lower from a close in New York on Friday of Y110.25 to trade
to a session low of Y109.23. The move was in reaction to reports that North
Korea had successfully conducted a test of a hydrogen bomb that can be loaded
into a new intercontinental ballistic missile
*The arrival of Tokyo players brought much needed support and liquidity, the
rate moved up from the mid Y109.40's to Y109.93
*Consolidation then became the theme, the pair holding a Y109.69 to Y109.84
range in the run up to the European open
*Support lies at Y109.19 (61.8% fib Y108.27 to Y110.67), while resistance is
found at Y109.96 (50% Y110.96-Y109.23 decline).

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