Usd/Jpy opened heavy in Asia after it....>

DOLLAR-YEN: Usd/Jpy opened heavy in Asia after it was reported three Republican

Senators are wavering on support for the US Tax Bill, should the vote go ahead

next week. Eur/Jpy sales with added weight from equities pressed to Y112.11

followed by a quick spike to Y112.38 on reports that a BOJ dissenter had called

for more easing measures. The pair was unable to consolidate gains and drifted

throughout the session to hold Y112.15/25. There is a large expiry at Y112.00

($1.14bn) for today's NY cut which could anchor.

* The US calendar kicks off at 1330GMT today with the release of Empire State

Manufacturing Survey. The index is expected to fall to a reading of 17.5 in

December from 19.4 in November.

* US Industrial Production figures are scheduled for 1415GMT. Industrial

production is expected to rise 0.3% in November after a 0.9% surge in the

previous month.

* Option-expiries today: Y112.00 ($1.14bn), Y112.25($1.75bn), Y112.50($1.38bn),

Y112.75($510mn), Y113.00($790mn), Y113.50($837mn), Y114.00($583mn),

Y114.10($501mn), Y114.50($786mn), Y115.00($1.14bn).