USD/JPY declined from the off through....>

DOLLAR-YEN: USD/JPY declined from the off through Wednesday's Asia-Pac session

before dropping to intraday lows as RTRS reported that a meeting between U.S.

Pres Trump and Chinese Pres Xi, during which they would sign their initial trade

truce, may be delayed until Dec, while there still is a slim chance that

agreement will not be reached eventually.

- USD/JPY last trades at Y108.90, 8 pips lower on the day. Wednesday's sell-off

sent the rate under its 200-DMA, which shifts bearish focus to Y108.63, the

23.6% retracement of the Oct bull market. A break here would open up the 38.2%

retracement of that rally/channel support at Y108.22/19. Conversely, a return

above the 200-DMA at Y109.04 would encourage bulls to target the Y109.29 Oct 30

peak.

- Looking ahead, Japanese earnings/spending figures are due on Friday.