USD/JPY last trades +6 pips at...........>

DOLLAR-YEN: USD/JPY last trades +6 pips at Y109.92, having inched higher as the

Nikkei 225 moved into positive territory. The pair has not yet tested Y110.00

after slipping under the round figure yesterday.

- Tuesday's sell-off was a reaction to a growing concern over the spread of

China's coronavirus, proved to be capable of human-to-human transmission.

- The BoJ stood pat on policy settings yesterday, JPY shrugged the decision.

- Elsewhere, RTRS reported that the BoJ "could consider watering down later this

year its commitment to keep or cut its rock-bottom interest rates, if pessimism

over the global outlook continues to recede."

- A drop below yesterday's trough at Y109.76 would bring the low of Jan 13 at

Y109.45 into view. Conversely, bulls look for a return onto the Y110.00 handle

before taking aim at the Jan 17 peak at Y110.29.

- Looking ahead, Japanese trade balance comes out on Thursday, while flash Jibun

Bank m'fing PMI & minutes from the BoJ's December monetary policy meetings are

due on Friday.