USD/JPY last deals at Y108.48, barely....>

DOLLAR-YEN: USD/JPY last deals at Y108.48, barely changed on the day.

- Tuesday's Asia-Pac session saw the rate tick higher to Y108.73, its intraday

peak, as broader risk sentiment picked up. Participants were reassured by

signals of progress in U.S.-China trade talks, while U.S. equity futures crossed

above Monday's highs. That said, after touching Y108.73 the rate turned heavy

and slid through the rest of the day, with Brexit developments moving the needle

for the broader risk backdrop. Increased appetite for the yen elevated the

currency to the top of the G10 pile.

- Bears need Monday's low of Y108.29 to give way before they take aim at the

Y108.00 psychological barrier, also the 38.2% retracement of this month's rally.

Conversely, a push above the Oct 17 multi-month high of Y108.94 would play into

the hands of bulls, bringing the 200-DMA at Y109.07 into view.

- As a reminder, South Korean PM Lee is visiting Japan, his meeting with PM Abe

is scheduled for Thursday.

- The local docket features flash Jibun Bank m'fing PMI, due on Thursday.