USD/JPY has edged lower and last deals...>

DOLLAR-YEN: USD/JPY has edged lower and last deals at Y110.91 ahead of the

release of Japanese industrial output & retail sales data at 2350GMT/0850JST.

The Nikkei 225 is poised to open around unchanged levels.

- On Wednesday, the rate closed ~40 pips higher, owing to a breakout in U.S. Tsy

yields, which allowed the rate to look above the Y111.00 mark towards the end of

the day.

- Bears initially look to the 100-WMA at Y110.78. A break below would allow them

to attempt a move at the down trendline from Dec 14 at Y110.68. Conversely,

bulls need a breach of the key Y111.00 level, before challenging

Wednesday's/Tuesday's highs of Y111.07/08, followed by Monday's YTD high of

Y111.24.

- Besides the aforementioned releases, today's Asia-Pac session will also see

comments from BoJ's Suzuki. Elsewhere, Japanese labour mkt data, Tokyo CPI &

Nikkei m'fing PMI are due Friday.