USD/JPY last Y110.62, 14 pips higher.....>

DOLLAR-YEN: USD/JPY last Y110.62, 14 pips higher on the day after it touched a

fresh YTD high of Y110.70. The yen underperformed all of its G10 peers pressured

by a further uptick in risk sentiment, with the Nikkei 225 finishing ~1.3%

higher. 

- Little reaction noted thus far to remarks from BoJ Gov Kuroda (speaking at the

Diet at writing), who said he believes that inflation is slowly moving towards

2%. 

- Initial resistance noted at the aforementioned YTD high, followed by the

100-WMA at Y110.80. Meanwhile, bears look to Y110.59, which represents the

55-DMA, before attempting a move at the 50-DMA at Y110.26. 

- Japanese focus turns to domestic GDP due at 2350GMT/0850JST (for our Data

Preview piece, see MNI Main Wire at 19:03 GMT 02/12), as well as Thursday's BoJ

5-10 Rinban ops.