*Sep7 Dollar-yen open Y109.22, range....>

YEN SUMMARY: *Sep7 Dollar-yen open Y109.22, range Y108.89 to Y109.27

*Dollar-yen opened in Asia toward the upper side of the Y108.45 to Y109.40 range

witnessed by European and US markets yesterday, where news of an agreement to

extend the U.S. debt limit and government spending until December 15, helped

place the greenback on the front foot.

*Dollar-yen traded sideways within Y109.12 to Y109.27 in early trade

*Reaction to South Korean Premiere comment, 'there are expectations for N. Korea

to launch a missile on Sept 9th', saw a plunge lower from around Y109.15 to

Y108.89. The move proved a temporary blip as this action has been widely flagged

by various forms of the media.

*A recovery was held to Y109.22 and for the balance of the session the dollar

edged lower to Y109.00, the move was in-line with the Nikkei paring some gains

*Hourly resistance is noted at Y109.40, while below Asia's Y108.89 low, hourly

support is found at Y108.70.