USD/JPY has edged slightly lower,........>

DOLLAR-YEN: USD/JPY has edged slightly lower, while staying within a ~25 pip

range in the Asia-Pac session and trades at Y112.81 at writing. 

- Headlines re: Brexit matters triggered risk on flows, which failed to push the

pair higher as the greenback ran out of steam, with the DXY moving away from

recent highs, as USD/JPY holds lower after outperforming the USD during the

month-end London fix yesterday. 

- The initial downside target remains intact, as focus falls on the 21-DMA at

Y112.62, with a any move below set to return the outlook to neutral, while a

move below broken trendline resistance turned support at Y112.20 would allow

bears to regain control. Conversely, bulls need to move through the

psychological Y113.00 level before trying to retake yesterday's highs of

Y113.39.