USD/JPY has edged higher and last........>

DOLLAR-YEN: USD/JPY has edged higher and last deals at Y110.53 after adding 10

pips Tuesday, amidst broader risk-on flows noted on the back of revived optimism

re: bipartisan border security deal in the U.S. & Sino-U.S. trade relations. The

BoJ's decision to trim the size of its 10-25 Year Rinban operations provided

some relief for JPY yesterday, but this proved short-lived 

- Bulls need to clear yesterday's YTD high of Y110.65 before setting their

sights on the 100-WMA at Y110.79. Meanwhile, bears look for a break below the

50-DMA at Y110.26, which would allow them to attempt a move at the psychological

Y110.00 level. 

- Japanese focus this week turns to domestic GDP due Thursday (for our Data

Preview piece, see MNI Main Wire at 19:03 GMT 02/12), industrial output due

Friday & the usual BoJ Rinban ops. Elsewhere, BoJ Gov Kuroda will appear in the

Diet at 1418JST.