USDJPY touched post-Fed lows of 110.09...>

DOLLAR-YEN: USDJPY touched post-Fed lows of 110.09 in early Asia-Pacific

dealing, although the cross has recovered to last deal at 110.25. Hourly support

is noted at 110.10, with the next level of downside interest coming in at

109.84, hourly resistance from June 11.

- Some, including Nomura, are focused on today's Rinban operations, which will

cover the 1-5 & 10-25+ Year buckets, suggesting that the BoJ may alter the size

of its purchases in some of these tenors. As a reminder the most recent

alteration came nearly 2 weeks ago, when the BoJ trimmed the size of its

purchases in the 5-10 Year bucket.

- The BoJ's MonPol meeting concludes on Friday, no change is expected, with

focus set to fall on BoJ Gov. Kuroda's post-meeting press conference.

- Nearby FX option expiries of note at today's 10AM NY cut: Y110.00($1.9bn),

Y110.50 ($791mln), Y111.00($1.22bn)