USD/JPY last Y112.89, edging higher in...>

DOLLAR-YEN: USD/JPY last Y112.89, edging higher in the Asia-Pacific session on

the back of a modest recovery in risk sentiment as regional stock indices moved

away from worst levels, while U.S. equity index futures are in the green, with

U.S. yields a touch higher. The pair's initial downtick came after USTR

Lighthizer's comments stirred China-U.S. strained trade relations, but was

quickly wiped out. 

- That being said, it seems as if the law of round numbers is in play, with

Y113.00 and 21,500 limiting USD/JPY and the Nikkei 225 respectively. 

- Bulls need a break above the 21-DMA at Y113.09 before their focus shifts to

the Nov 16/15 highs of Y113.65/71. Conversely, bears eye Tuesday's intraday low

at Y112.31, and a break below would open up the 100-DMA at Y112.09. 

- Focus towards the end of the week falls on Japanese CPI, with Japan closed for

a holiday on Friday.