USD/JPY last seen 17 pips higher at......>

DOLLAR-YEN: USD/JPY last seen 17 pips higher at Y107.98, threatening to show

above Y108.00 for the first time since early August. The rate has picked up a

bid as U.S. President Trump tweeted that the China tariffs hike, initially

scheduled for Oct 1, will be delayed until Oct 15 as a "gesture of good will."

- A jump above the said round figure, which coincides with the upper 1.0% 10-DMA

envelope, would prompt bulls to set their sights on the 100-DMA at Y108.15. A

further rally would open the Y108.45 YtD mid-point. Bears look for a retreat

below the 38.2% of the YtD slide at Y107.49, towards the Sep 5 high of Y107.23.

- Yesterday saw a reshuffle of Japan's cabinet. PM Abe moved Toshimitsu Motegi,

the Economy Minister, to the helm of the Foreign Ministry. Motegi will remain

responsible for trade negotiations with the U.S. Meanwhile, Abe informed that

Japan's current line re: South Korea will remain unchanged. USD/JPY finished 28

pips higher Weds, amid modest U.S.-China trade optimism & pre-ECB USD strength.

- Japan's PPI & core machine orders figures will be published shortly, with a

final industrial output reading for July coming up tomorrow. BoJ 5-25+ Year

Rinban ops are also scheduled for today.