Despite upbeat Japanese data the pair....>

DOLLAR-YEN: Despite upbeat Japanese data the pair remains largely unmoved,

currently trading at Y113.30 having held a tight Y113.24 to Y113.33 range so

far. Japan's household spending rose 1.7% y/y, against expectations of 0.5% y/y,

while unemployment nudged lower to 2.7%, against forecasts of 2.8%. BoJ minutes

have also broadly gone unnoticed, where most members agreed that there is no

need for more easing. Nikkei has just opened around flat. The next event risk is

due at 0400GMT, when Kuroda is set to deliver a speech from Keidanren.

Resistance lies at Y113.48 (Dec25 high), while initial support is located at

Y113.14 (Daily cloud top)