USD/JPY is back to unchanged levels......>

DOLLAR-YEN: USD/JPY is back to unchanged levels and last trades at Y110.62. The

yen outperformed for the bulk of the session, aided by modest risk aversion in

the FX space, before it slipped on the back of dovish comments from BoJ Gov

Kuroda, speaking in Japanese Diet. Kuroda noted that the BoJ will consider

conducting additional easy policy, "if the achievement of the 2% price target is

undermined due to developments of foreign exchange rates." The rate touched

intraday highs of Y110.70, on the back of the comments.

- Elsewhere, Japanese Econ Minister Motegi said he does not exp. the U.S. to

revise its auto tariffs on Japan during negotiations, following a conversation

between Japanese PM Abe & U.S. President Trump.

- Bulls set their sights on the 100-WMA at Y110.79 and a break above would open

up the upper Bollinger band (2%) at Y111.07. Conversely, bears eye the

200-HMA/cloud Tenkan Sen at Y110.38/37, followed by the 50-DMA at Y110.07.

- Japanese focus this week turns to trade balance due Wednesday, Nikkei m'fing

PMI due Thursday, national CPI due Friday, as well as the usual BoJ Rinban ops.