USD/JPY has slipped 6 pips, last.........>

DOLLAR-YEN: USD/JPY has slipped 6 pips, last trades at Y108.79. The local media

reported that Japanese Justice Min Kawai handed in resignation.

- After trading sideways through Wednesday's Asia-Pac & early European session,

the pair edged higher on the back of a beat in U.S. GDP data, but erased gains

as Chile Pres Pinera cancelled the APEC summit his country was to host, during

which the U.S. & China planned to sign off on their initial trade pact. The

announcement of the policy decision from U.S. FOMC (25bp cut, as exp.) brought

wild gyrations; the pair shot higher as members dropped the phrase "will act as

appropriate to sustain the expansion," but then sank as Fed Chair Powell said

that members "don't see inflation moving up right now".

- Bears look for a dip below the Oct 23 trough at Y108.25 to gain momentum.

Bulls keep an eye on the 200-DMA at Y109.05, ahead of yesterday's peak at

Y109.29. Worth noting that the 50-DMA has recently crossed above the 100-DMA.

- The BoJ MonPol decision headlines today's docket. See our preview at

http://tiny.cc/BoJOct. Flash industrial output hits shortly, while unemployment

& final Jibun Bank m'fing PMI are due on Friday.