### POV - Dollar-yen has failed to.......>

DOLLAR-YEN: ### POV - Dollar-yen has failed to build on gains above Y113.00 in

recent sessions (Y113.26 - Sep27), despite the lack of geopolitical tension and

hawkish undertones from Fed officials.

As uncertainty and political risk remain, Bloomberg released an article on

Wednesday that reported the shortlist for the next Fed chair, pressuring through

Y112.50. Strong ISM Non-mfg aided the recovery as traders now look ahead to

Friday's key jobs data. Analysts have lowered their forecasts due to the

hurricane damage with some even calling for a negative number.

Further out on Oct22 is the Lower House election, history suggests an Abe

victory would trigger a buy signal for Japanese shares. Following Abe's victory

in Dec 2012 equities had gained 60% by May 2013, during his second triumph in

Dec 2014, markets witnessed a 20% gain by May 2015.

If dollar-yen can take out Y113.30, bulls will target Y113.50 (1.618% swing

Y112.72-111.48), opening a move toward the Y114.00 area which is reported to

hold barrier interest.