Early risk appetite into Asia, as........>

DOLLAR-YEN: Early risk appetite into Asia, as market reacted to positive

comments concerning US-China trade, provided the push that took rate to an early

pre-Tokyo fix high of Y109.07. Asian traders did note that move ran into decent

headwind resistance above the figure, some linked to option expiries at today's

NY cut (Y109.00-10 $1.75bln), with sell interest also concentrated around the

200-dma which today comes through at Y109.06. USD buy fatigue set in post fix

and rate settled back below Y109.00 into Europe. Further sales emerged into the

new session which has taken rate to an extended intraday low of Y108.85, with

rate trading heavy at writing. Support seen into Y108.80 ahead of Y108.66(Oct28

low), Y108.51 (Oct25 low).

- Japanese retail sales hits on Wednesday, flash industrial output come out on

Thursday, while unemployment & final Jibun Bank m'fing PMI are due on Friday. On

Thursday, the BoJ will deliver its monetary policy decision.