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USD/JPY looks above yesterday's highs,...>

DOLLAR-YEN: USD/JPY looks above yesterday's highs, last +9 pips at Y107.63.
- Bulls now look to Y108.17 the 76.4% retracement of the Aug 1 - Aug 26 decline.
- Worth flagging that South Korea is set to formally file a complaint with the
WTO re: Japan export curbs later today.
- Elsewhere, Tuesday saw RTRS sources report that "as the fallout from the
U.S.-China trade war broadens, Bank of Japan policymakers are more open to
discussing the possibility of expanding stimulus at their board meeting on Sept
18-19. Increasing signs of a slowdown in global demand have made Japanese
central bankers less confident about an early pickup in global growth, but their
decision on whether or not to take further action to deal with it will be a
close call for a divided board."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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