USD/JPY last trades at Y112.43, 26.......>

DOLLAR-YEN: USD/JPY last trades at Y112.43, 26 pips lower on the day. Worth

mentioning that the yen came under pressure from soft domestic GDP readings just

ahead of the Nikkei opening, but quickly pared losses thereafter, as regional

equities underperformed with the Nikkei 225 ~2% lower at writing. The pair

subsequently moved away from session lows at Y112.24, as the dollar's weakness

waned slightly later in the day. 

- Bears keep an eye on the 100-DMA at Y112.28 and a break below that level would

open up the 1.0% 10-DMA envelope at Y112.06. On the topside, initial focus falls

on Friday's high at Y112.92 and a break above would allow bull to target the

55-DMA at Y113.07. 

- Japanese highlights this week include the quarterly BoJ Tankan survey, due

Friday, as well as the usual BoJ Rinban ops.