The yen tops the G10 pile at writing,....>

DOLLAR-YEN: The yen tops the G10 pile at writing, with the Nikkei 225 futures

pointing to a slightly lower open. USD/JPY last at Y110.22, 14 pips worse off.

- Broader risk aversion benefited JPY yesterday, as U.S.-China trade tensions

remained in play. Reports suggesting that the U.S. considers blacklisting up to

five Chinese surveillance companies & U.S. Tsy Sec Mnuchin's remark that he has

no plans to visit Beijing sas of yet kept a lid on risk appetite, which took a

toll on U.S. equities, but buoyed safe haven assets.

- A handful of pips fall would place the rate below the uptrend support at

Y110.18 and open up Y110.00. Below here would shift bearish focus to the May 20

low of Y109.81. Bulls target the 21-DMA/100-DMA at Y110.51/55 before challenging

the 50% retracement of the move from Y112.40 to Y109.02 at Y110.71.

- U.S. Pres Trump will meet with Japanese PM Abe on Sunday & Monday for informal

& formal talks. With focus remaining on bilateral trade matters, White House

off'l told reporters that "there will be some substantive announcements."

- The flash reading of Japanese Nikkei m'fing PMI comes out later today, before

the release of national CPI, scheduled for Friday.