USD/JPY last Y113.95, slightly north.....>

DOLLAR-YEN: USD/JPY last Y113.95, slightly north of session lows, operating

within a ~25 pip range in today's Asia-Pac session. 

- The yen outperformed all of its G10 peers overnight, as the weight of the

FOMC's MonPol decision spilled over into the Asia-Pac session and pressured

regional equities triggering modest risk off flows & sending the pair to the

lows of Y113.85. 

- Nearby FX option expiries of note at today's 10AM NY cut:

Y112.99-113.00($1.67bn), Y113.25-35($946mln), Y113.50($774mln),

Y113.60($1.17bln), Y114.00($1bln) 

- USD/JPY bulls need to retake the psychological level/nearby resistance at

Y114.00 to affirm upside momentum and target the Oct 5 highs of Y114.10.

Conversely, bears eye yesterday's lows of Y113.48, as a break below would open

up the 38.2% fibo at Y113.05.