USD/JPY last seen at Y110.69,............>

DOLLAR-YEN: USD/JPY last seen at Y110.69, virtually unchanged on the day, with

both sides of the pair relatively weak.

- The Nikkei 225 is poised to open lower at writing.

- The rate slumped almost 70 pips yesterday, despite climbing to intraday highs

of Y111.69 in the Asia-Pac session. Disappointing performance from both European

and U.S. equities allowed it to ease off modestly through the day, before taking

a nosedive on the back of the latest FOMC MonPol decision, accompanied by a

dovish turn in rhetoric.

- A descent through yesterday's low of Y110.54 would open up the 50-DMA at

Y110.32. Conversely, bulls initially look for a jump back above the 100-WMA at

Y110.84. Above here opens the psychological Y111.00 level.

- Japanese focus turns to domestic Nikkei manufacturing PMI data and national

CPI, both due tomorrow.