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The dollar opened in Asia at Y111.26.....>

DOLLAR-YEN
DOLLAR-YEN: The dollar opened in Asia at Y111.26 toward the middle of
yesterday's Y110.78 to Y111.71 range, where after a choppy session firmer UST
yields was seen to underpin the greenback. Japan's June jobless rate and
inflation data (2330GMT) provide the event risk for the Asia session, which also
includes retail sales (2350GMT). In option space, expiries at Y110.80($1.24bn),
Y111.00($1.45bn), Y111.27-30($540mn) and Y112.00($781mn), may help to contain
the near term range. Hourly resistance is located at Y111.71, while hourly
support is found at Y110.96. Dollar-yen is currently changing hands at Y111.25.

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