USD/JPY has round tripped ~20 pips in....>

DOLLAR-YEN: USD/JPY has round tripped ~20 pips in the early part of the Asia-Pac

session and last deals at Y112.80 after the pair lost 80 pips or so on Friday,

as the rate slipped on the back of broader USD weakness triggered by comments

from Fed's Clarida & Harker re: further rate hikes/the outlook for the U.S.

economy 

- Today USD/JPY moved lower initially as markets absorbed weekend hawkish trade

comments from U.S. VP Pence re: China, while trade concerns divided the APEC

summit, which failed to produce a joint concluding statement. However, the

initial downtick was rather short-lived, with Japanese benchmark stock metrics

moving higher early on, alleviating some pressure on the rate. 

- Bears look for a clean break below Friday's low at Y112.64, followed by the

Nov 2 low at Y112.56. On the upside, bulls need a break above the 21-DMA at

Y113.08 before targeting Friday's high at Y113.65. 

- Japanese focus this week falls on BoJ Rinban ops, CPI figures due Thursday &

m'fing PMI due Friday. Moreover, BoJ Gov Kuroda will speak today.