USD/JPY last trades at Y110.58, a........>

DOLLAR-YEN: USD/JPY last trades at Y110.58, a handful of pips worse off on the

day, as the yen outperforms at the margin ahead of the release of Japanese trade

balance at 2350GMT/0850JST.

- Yesterday, the pair finished virtually unchanged, as the impact of modest risk

aversion observed in the FX space in early Asia-Pac hours was countered by

comments from BoJ Gov Kuroda, who said that the Bank "will consider extra easing

to hit price target if needed" & "may consider easing if Yen moves impact

economy prices."

- The rate ebbed off of best levels as broader USD strength faded in NY hours.

- Bears look for a fall through Tuesday's low/200-HMA at Y110.45 before

attempting a run at the 50-DMA, located at Y110.07. Meanwhile, bulls eye the

100-WMA at Y110.79, situated ahead of the upper Bollinger band (2%) at Y111.07

- Japanese focus this week turns to Nikkei m'fing PMI due Thursday, national CPI

due Friday, as well as the usual BoJ Rinban ops.