USD/JPY last Y113.13, just above.........>

DOLLAR-YEN: USD/JPY last Y113.13, just above session lows of Y113.05, as the two

sides of the rate sit at the opposite ends of the G10 pile. 

- The greenback has come under pressure today as Tsy yields moved lower, curve

inversion remained in play and the 10-Year Tsy yield crossed below its 200-DMA

for the first time this year. 

- Meanwhile, the yen was supported by souring risk appetite. 

- Bulls need a clean break & consolidation below the 50-DMA, where it sits at

writing, before targeting the 61.8% fibo retracement of the move from Y112.31 to

Y114.04 at Y112.97. A fall through that level would open up the Nov 26 low at

Y112.86. Conversely, bulls eye the intraday high at Y113.66 and a break above

would allow them to target yesterday's peak at Y113.85. 

- Japanese focus during the remainder of this week falls on BoJ Rinban ops,

while BoJ's Wakatabe is due to speak tomorrow.