USD/JPY last trades at Y111.29 (its......>

DOLLAR-YEN: USD/JPY last trades at Y111.29 (its 100-HMA), ~5 pips lower on the

day, as JPY round-tripped from session lows of Y111.14, after garnering support

from broader risk-off flows.

- The pair ebbed lower as the Nikkei 225 opened on the back foot and moved

further into negative territory. However, a modest post-lunch uptick from lows

in the Japanese benchmark stock index might have helped USD/JPY move away from

worst levels.

- Worth mentioning Japanese PPI slightly topped exp., while core machine orders

declined by more than exp., but little impact on JPY price action was noted.

- The downside attention is drawn to the 21-DMA at Y111.11 and below here opens

the cloud Kijun Sen, located at Y110.85. On the topside, a break above the

100-DMA at Y111.32 would open up Y111.42, which represents the 200-DMA.

- All eyes are on the BoJ, which is set to deliver its MonPol decision on

Friday.