EUR/JPY last Y128.80 has added ~30 pips....>

EURO-YEN: EUR/JPY last Y128.80 has added ~30 pips on the day so far, as yen lags

behind all of its G10 peers, suffering from broader risk on flows based on

Brexit developments and BBG source reports suggesting that the U.S. is set to

hold off on auto-tariffs for now . 

- EUR has shrugged off worry from EZ political uncertainty, as Italian PM

Conte's office announced Rome kept its deficit and growth targets unchanged in

the letter sent to the EU on the deadline day for a revised budget submission. 

- The pair reached session highs of Y128.98 after the Nikkei 225 opened higher,

but has eased back since. 

- Bulls need a break & consolidation above Y129.00 to reaffirm the upside

impetus before challenging The Nov 19 highs of Y129.19. Meanwhile, bears look to

return below yesterday's peak at Y128.75, which would open up the key Y128.00

level.