USD/JPY finished 13 pips lower...........>

DOLLAR-YEN: USD/JPY finished 13 pips lower Wednesday, thanks to a round of sales

in reaction to the press conference from Fed Chair Jerome Powell, who pointed to

persisting economic uncertainties and said that asset prices are "somewhat

elevated." U.S. equity indices trimmed earlier gains, to the benefit of the yen.

- The rate sits at Y109.02, almost unchanged on the day. Bears look at the

100-DMA/Jan 27 low at Y108.75/73 as their initial target, with a break opening

up the 200-DMA at Y108.45. Bulls eye the 50-DMA/Tuesday's high at Y109.22/25 and

a lift through there would bring the Jan 24 high of Y109.65 into play.

- Comments from BoJ Dep Gov Amamiya take focus today. Friday will see the

release of Japanese unemployment, retail sales, industrial output and Tokyo CPI.