Rebounded off the earlier Y107.42 low seen on stops to trade as high as
Y107.70 but momentum is unimpressive and weak US stocks, Dow down 120,
does nothing to bolster the pair on the day, leaving the dollar
stranded at Y107.60. Resistance/supply still at Y108.00 appears a
formidable obstacle but, at the same time, persistence over the 200d ma
is seen as a plus. Bids remain at Y107.00/20, surrounding the 200d ma
and expected to underpin.