USD/JPY last deals at Y108.61, 5 pips....>

DOLLAR-YEN: USD/JPY last deals at Y108.61, 5 pips better off. The local money

stock data (M2 & M3) is due shortly.

- The rate finished almost unchanged Monday after a pretty subdued session.

Japanese Q3 GDP was revised higher thanks to strong capex, public investment and

consumption, but MNI understands that the revision will have little impact on

the Bank's thinking ahead of the Dec policy meeting.

- A push above the 200-DMA at Y108.83 would expose the psychological Y109.00

barrier, which limited gains on Dec 5. Conversely, a drop under the 50-DMA that

intersects at Y108.56 would open up a layer of support at Y108.43, where the

rate bottomed on Dec 4 & Dec 9.

- Japanese focus turns to the local PPI (Wednesday), core machine orders

(Thursday), as well as final industrial output and Q4 Tankan Survey (Friday).

BoJ Dep Gov Amamiya speaks on Thursday.