USD/JPY shed almost 30 pips in...........>

DOLLAR-YEN: USD/JPY shed almost 30 pips in Asia-Pac dealing and last sits at

Y108.75, as the greenback struggled to shake off post-FOMC weakness. Meanwhile,

the yen sits well towards the upper end of the G10 pile, although the Nikkei 225

stayed in the green overnight and closed ~1% higher (off of session highs). JPY

ignored the summary of opinions from the BoJ's Jan MonPol meeting, which

stressed the importance of easy policy amidst materialising downside risks. BoJ

Deputy Gov Amamiya offered little new in his own address. 

- Worth mentioning Japanese Vice FinMin Asakawa told BBG that Tokyo would oppose

any currency clause in a trade deal Japan wants to strike with the U.S. 

- Y108.69, where the rate bottomed on Jan 17, continues to provide the nearby

resistance, after Y108.70 limited losses overnight. A clean break below would

bring the Jan 16 low of Y108.37 into play. Meanwhile, bulls need to jump back

above the 21-DMA at Y108.95, breached overnight, before attempting a move at

Y109.36, which represents the cloud Tenkan Sen. 

- Japanese focus tomorrow turns to domestic labour mkt data, as well as final

Jan Nikkei m'fing PMI print.