USD/JPY added 30 or so pips in the.......>

DOLLAR-YEN: USD/JPY added 30 or so pips in the Asia-Pacific session and sits at

Y112.70 last, as risk sentiment reversed overnight, weighing on the JPY. 

- In late NY trade, the White House said it is "unaware" of plans to impose new

sanctions on China, which sent USD/JPY higher after a BBG source piece to the

contrary had weighed on risk appetite beforehand. 

- The rate garnered additional upside momentum from President Trump's

declaration that he expects a "great [trade] deal with China" in Asia-Pacific

trading. 

- The rate hovers above the 21-DMA at Y112.69, but has met resistance in the

form of a string of recent daily highs layered from Y112.74 up to Y112.89. A

breach would allow bulls to target Y113.29, the Oct 10 high. Bears keep an eye

on Monday's high of Y112.56, with any break below opening up the psychological

Y112.00 level. 

- Tomorrow's BoJ MonPol decision provides the focal point of this week's docket.