USD/JPY dropped 14 pips overnight and....>

DOLLAR-YEN: USD/JPY dropped 14 pips overnight and last trades at Y110.33, off of

worst levels, with the yen atop the G10 pile amidst broader risk aversion,

caused by uncertainty re: Sino-U.S. trade relations. Also worth noting the

Nikkei 225 remained in negative territory throughout the Asia-Pac session and

closed ~1.1% lower. 

- The 50-DMA at Y110.18 provides the initial bearish focus and a breach of that

level would open up the psychological Y110.00 level, followed by the 21-DMA at

Y109.80. Conversely, bulls need to clear the 55-DMA at Y110.43 before

challenging the 100-HMA a further 15 pips above. 

- Next week, Japanese focus turns to trade balance data due Wednesday, m'fing

PMI due Thursday & national CPI due Friday, as well as the usual BoJ Rinban ops.