USD/JPY last Y112.87, 30 pips or so......>

DOLLAR-YEN: USD/JPY last Y112.87, 30 pips or so lower on the day, as the Huawei

CFO's arrest in Canada triggered broader risk aversion, benefitting safe haven

currencies and pushing the yen atop the G10 pile. U.S. equity index futures

poster a sharp move lower overnight, while the Nikkei 225 operated in the red &

trades ~1.9% lower at writing, off of lows. U.S. yields have also moved back

from worst levels, which allowed USD/JPY to base at Y112.58 overnight. 

- Bears look for consolidation below up trendline support at Y112.75 after a

move below overnight. A close below would turn the outlook negative and shift

bearish focus to intraday low/Dec 4 low at Y112.58. On the topside, bulls need a

move through the 50-DMA at Y113.09 before challenging the 50% fibo retracement

of the move from Y114.04 to Y112.58 at Y113.31. 

- Japanese calendar towards the end of this week is very light.