USDJPY holds at elevated levels, tied....>

DOLLAR-YEN: USDJPY holds at elevated levels, tied to a narrow 29 pip range, last

Y112.52. Focus turns to US Jobless Claims at the bottom of the hour. The level

of initial jobless claims is expected to fall by only 1,000 to a 213,000 level

in the October 13 employment survey week after an increase of 7,000 to a

still-low 214,000 level in the previous week. While the impact of Hurricane

Florence should continue to move out of the data, Hurricane Michael hit Florida

on October 10 and should lift initial claims further and impact the survey week

for payrolls. The four-week moving average would rise by 2,750 in the coming

week as the recent low 202,000 level in the September 15 employment survey week

rolls out of the calculation, assuming the MNI forecast is correct and there are

no revisions.