USD/JPY has eased off a tad and..........>

DOLLAR-YEN: USD/JPY has eased off a tad and remains limited, last trades -15

pips at Y109.69. Little in the way of reaction seen upon the release of in-line

Japanese trade balance, underpinned by worse than expected imports and exports.

- The pair round tripped from Y110.10 yesterday. It pushed higher as a press

conference with China's National Health Commission soothed the nerves somewhat,

but then sold off as concerns over the coronavirus situation resurfaced.

- A fall below the Jan 13 trough at Y109.45 would reassure bears, placing the

50-DMA at Y109.18 in sight. Bulls look for a firm rebound above the Y110.00

mark, which already gave way earlier this month. A break here would turn the

focus to the Jan 17 YtD high of Y110.29.

- Flash Jibun Bank m'fing PMI & minutes from the BoJ's December monetary policy

meetings are due on Friday.