USD/JPY last trades at Y113.46, 8 pips...>

DOLLAR-YEN: USD/JPY last trades at Y113.46, 8 pips higher on the day, with the

yen underperforming all of its G10 peers, albeit by narrow margins, as the

Nikkei 225 & U.S. equity index futures ticked higher overnight. 

- Worth noting the BoJ kept its bond purchase amounts unchanged in today's

Rinban ops. 

- Bulls look to the Dec 13/14 highs of Y113.67/71 before attempting a move

through the Dec 3 high of Y113.85, towards the Oct 4 descending trend at

Y113.90. On the downside, initial focus falls on the Dec 13/12 lows of

Y113.21/14 and a break below would open up the 50-DMA/Dec 11 low at Y113.02/01. 

- BoJ is set to release its MonPol decision Thursday, while its Rinban ops will

also attract attention. Elsewhere, Japanese trade balance is due Wednesday,

while the inflation report comes out on Friday.