USD/JPY has slipped in sync with U.S.....>

DOLLAR-YEN: USD/JPY has slipped in sync with U.S. equity index futs, in a (so

far) gentle correction of Tuesday's moves. Focus is on familiar matters,

participants keep trying to assess the coronavirus crisis and global policy

response. The rate sits -35 pips at Y107.35 at typing.

- The International Olympic Committee issued a statement Tuesday, in which it

pledged commitment to holding the Tokyo Olympics as planned, but acknowledged

that circumstances are fluid, amid calls to cancel or postpone the event.

- A deeper fall, culminating in a violation of Tuesday's low of Y105.81 would

please bears, opening up Monday's low of Y105.15. On the topside, the focus

remains on the Mar 13 high of Y108.50, located near a couple of earlier highs.

- The focus in Japan turns to trade balance (Wednesday) and CPI (Thursday).

Somewhat outdated minutes from the BoJ's Feb meeting are due Thursday. As a

reminder, Japan is off for a public holiday on Friday.