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USD/JPY last deals at Y113.39,...........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last deals at Y113.39, virtually unchanged on the day.
Equity index futures are mixed, with Asia-Pac contracts higher and U.S.
contracts lower at writing. Worth noting that positive signals re: U.S.-China
trade relations are aiding broader risk appetite. 
- The pair edged higher yesterday, as it bounced after initially slipping to
session lows of Y113.01. Its upside move noted in the 2nd half of the day was
briefly interrupted when U.S. President Trump's threatened gov't shutdown if the
Congress does not agree on funding his border wall plans. Trump's words weighed
on risk sentiment, sending USD/JPY ~20 pips lower, but the pair quickly erased
losses, as U.S. stocks recovered from worst levels 
- Initial resistance is located at yesterday's highs of Y113.47, followed by the
Dec 4 high at Y113.66. On the downside, bears look for a break below the 50-DMA
at Y113.05 before targeting yesterday's lows. 
- Japanese focus falls on the quarterly BoJ Tankan survey, as well as BoJ Rinban
ops, both due Friday.
MarketsForeign Exchange News
MarketsForeign Exchange News

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