USD/JPY last trades 15 pips worse off....>

DOLLAR-YEN: USD/JPY last trades 15 pips worse off at Y111.34.

- The pair ebbed a touch lower from off, before round tripping from its session

high of Y111.58 as the Nikkei 225 had a brief look into positive territory.

Benchmark Japanese equity index was likely driven higher by a surge in Sony

stocks, inspired by a RTRS source story stating that Third Point "is raising a

dedicated investment vehicle to target $500mn-$1bn in capital, so it can buy

more Sony shares;" Japanese Econ Min Motegi's announcement that U.S.-Japan trade

talks will start next week might have also lent some support.

- USD/JPY then slid into the Tokyo fix and held in the red through the rest of

the session, even as the Nikkei 225 moved into the green again.

- Bears look to yesterday's low of Y111.28, which limited losses overnight.

Below would open up the 21-DMA at Y111.09. Conversely, bulls need to retake the

200-DMA/100/HMA at Y111.50/52 before challenging yesterday's/Friday's high of

Y111.77/82.

- Japanese focus turns to domestic PPI, core machine orders & comments from BoJ

Gov Kuroda due tomorrow.