USD/JPY trades virtually flat at.........>

DOLLAR-YEN: USD/JPY trades virtually flat at ~Y109.05 after adding 41 pips &

breaking above Y109.00 Wednesday, as the yen lost steam and fell from the top of

the G10 pile, where it sat at the end of the Asia-Pac session. The Nikkei 225 is

poised to open on the front foot, while U.S. equity futures are also in the

green, after a marginally positive day on Wall St. 

- Wednesday's close above the psychological level of Y109.00 suggests the

formation of a bullish reversal & shifts the topside focus to Y109.20, where the

rate peaked yesterday, ahead of the 21-DMA at Y109.43. Conversely, bears need a

fall back below Y109.00 before challenging Wednesday's low of Y108.37, followed

by reported option linked support at Y108.00. 

- BoJ Kuroda & Amamiya are due to speak at 0000GMT/0900JST today, while Friday

will see the release of Japanese industrial output & national CPI data.