USD/JPY trades flattish at Y111.37.......>

DOLLAR-YEN: USD/JPY trades flattish at Y111.37 (its 200-HMA) at writing, after

closing 4 pips worse off Tuesday.

- Tuesday's Asia-Pacific session saw the pair ebb to intraday lows of Y111.16,

as the yen modestly outperformed, benefitting from safe haven demand. USD/JPY

then recovered in early European afternoon, before posting a knee-jerk lower on

the back of renewed worries re: Sino-U.S. trade relations.

- The initial bearish target is provided by the 100-DMA/21-DMA, situated at

Y111.28/27. Below here opens the cloud Kijun Sen at Y111.20. Conversely, bulls

look for a break above Y111.48, which capped gains on Tuesday, as well as twice

last week (Tues & Weds). This would allow them to set their sights on Monday's

high of Y111.63.

- Initial Japanese focus falls on the BoJ Jan MonPol meeting minutes, coming out

at 2350GMT/0850JST. Elsewhere, Friday will see the release of Japanese Nikkei

m'fing PMI and national CPI data, while today's BoJ 5-10 Rinban ops will also be

of interest.