USD/JPY last deals at Y112.49, almost....>

DOLLAR-YEN: USD/JPY last deals at Y112.49, almost unchanged on the day, as both

sides of the pair modestly underperform. 

- The rate closed just 4 pips lower yesterday, as risk off flows sent the pair

lower initially, but this was followed by a spike to intraday peak at Y112.67 on

the back of the Fed hike. However, the rate pulled back to unchanged towards the

end of the day. 

- The Nikkei 225 started on the back foot today and last deals ~1.1% lower,

while U.S. equity index futures are in the green. 

- Initial support noted at yesterday's low of Y112.09, followed by the

option-related support at Y112.00. On the topside, initial resistance is located

at yesterday's peak and a break above would open up the Dec 18 high at Y112.86. 

- Japanese focus turns to the BoJ MonPol decision due today, as well as the

national inflation report due tomorrow.