USD/JPY edged higher as the Nikkei 225...>

DOLLAR-YEN: USD/JPY edged higher as the Nikkei 225 began Wednesday's session on

the front foot, and sits at Y113.91 at writing, back from earlier Asia-Pac highs

of Y113.95. 

- JPY has underperformed its G10 peers after optimistic headlines re: Brexit hit

the wires early in the Asia-Pac session, feeding risk appetite. U.K. PM May has

reportedly secured the backing of key 5 senior ministers for the withdrawal

agreement draft forged during difficult negotiations with Brussels. 

- Markets saw a muted reaction to the release of Japanese GDP, which fell

roughly in line with expectations. 

- Bulls need to retake yesterday's high at Y114.15, which would give them a

chance to challenge the Nov 12 highs of Y114.21. On the downside, the nearby

focus falls on yesterday's low at Y113.58. A break below would open up the Nov 8

lows of Y113.48. 

- Points of note this week include Japanese industrial production due today &

BoJ Rinban operations Friday.