USD/JPY little changed, last deals at....>

DOLLAR-YEN: USD/JPY little changed, last deals at Y108.55 after shedding 16 pips

Wednesday. mostly on the back of the FOMC MonPol decision and subsequent presser

with Fed Chair Powell.

- The rate briefly ticked lower in Wednesday's Tokyo session as White House

advisor Navarro downplayed reports suggesting that Dec 15 tariffs on China might

be delayed. All in all, the rate edged slightly lower in the lead-up to the FOMC

policy decision. It then dropped to intraday lows as Fed Chair Powell noted that

only a significant, persistent increase in inflation would warrant a rate hike.

- A fall below Y108.43, the mid-point of the Apr 24 - Aug 26 bear mkt that

limited losses on Dec 4 & Dec 9, would open up the Nov 14 low of Y108.24.

Meantime, should the Y108.63 50-DMA give way, bulls could target the 200-DMA,

which intersects at Y108.80.

- BoJ Dep Gov Amamiya is set to speak later today; core machine orders also due.

Tomorrow, focus will turn to final industrial output & Q4 Tankan Survey.