Tokyo-fix related demand was countered...>

DOLLAR-YEN: Tokyo-fix related demand was countered by Aud/Jpy supply (Shanghai

stocks turned red) in early Asia as Usd/Jpy largely held a narrow Y111.20-44

range. The Eur/Jpy break of Y132.00 provided fresh appetite into the afternoon,

rate squeezed to Y111.56 and consolidated ahead of Europe. On the topside tech

resistance is seen at Y111.68/72 (100 & 200-dma's), offers placed behind through

Y111.85/90.

* Quiet once again on the US calendar after the Thanksgiving Day Holiday. At

1445GMT the flash US Markit Manufacturing and Services PMI figures are

published. Also at the same time sees the release of the US Bloomberg Comfort

Index.

* The St. Louis Fed release their Real GDP Nowcast at 1600GMT, swiftly followed

by the New York Fed GDP Nowcast.

* Option-expiries today at Y112.00-10($1.45bn), Y113.00($436mn),

Y113.50-57($890mn).

* Larger options for next week: Nov28 Y112.00-10($1.45bn); Dec1

Y110.00-05($1.11bn).