USD/JPY last deals at ~Y112.90 after.....>

DOLLAR-YEN: USD/JPY last deals at ~Y112.90 after falling almost 90 pips

yesterday, as the yen rallied on the back of souring risk appetite, with U.S.

benchmark stock indices posting significant drops. Risk sentiment also took a

blow from U.S. Sec of State Pompeo starting the clock on a 60-day deadline on

Russia to comply with nuclear weapon rules in the INF treaty. 

- Early JPY gains have been reversed, despite a weak opening from the Nikkei, as

U.S. equity index futures tarde back in the green following positive trade

rhetoric out of China's MOFCOM, although U.S. President Trump issued a more

balanced view via a tweet. 

- Bears look for a fall through yesterday's lows of Y112.58 before targeting the

100-DMA at Y112.25. Meanwhile, Bulls need a break above the 50-DMA at Y113.09 to

reaffirm their upside impetus and attempt challenging the 200-WMA at Y112.94. 

- Japanese focus during the remainder of this week falls on BoJ Rinban ops,

while BoJ's Wakatabe is due to speak in a while.