USD/JPY last deals at Y108.10,...........>

DOLLAR-YEN: USD/JPY last deals at Y108.10, virtually unchanged on the day. All

eyes are on the BoJ, which is set to deliver its MonPol decision later today.

- There is no scheduled time for the policy decision announcement, but it

usually takes place somewhere around 02:30-03:30 BST (around midday in Tokyo).

Subsequent press conference with BoJ Gov Kuroda is expected at 07:30 BST.

- This comes after USD/JPY fell 35 pips Wednesday. Some JPY demand emerged into

Europe as BBG reported that the U.S. weighs imposing fresh sanctions on Turkey

over its purchase of Russia's missile-defence system. The rate edged back to

neutral levels thereafter, before sinking towards Y107.90 as the U.S. FOMC put a

rate cut on the table (albeit it sounded less dovish than many exp.).

- A senior BoJ off'l warned warned that financial institutions' loans to real

estate biz. continued to post strong growth beyond that seen in overall lending.

- USD/JPY dived through its up trendline from Jan 3, which has provided

resistance at Y108.12 today. Above here would return focus to the cloud Tenkan

Sen at Y108.34. Bears look for extending losses through the cycle low of Y107.82

before challenging Y107.59, which represents the lower Bollinger band (2%)