USD/JPY Looking for 113.00 in the early Wednesday session

• A surprising recovery of risk appetite in the Asian markets is seeing the safe-haven Yen cool down, giving the Greenback a chance to continue rising.
• Upcoming US data could see risk sentiment further sour as investors brace for a perceived slowdown in US  economic figures.

The USD/JPY is trading higher in Wednesday’s Asian market window, sticking close to the 112.90 level as the US Dollar remains well-bid for the mid-week inflection point.

The Greenback has seen broad-market uptake this week as investors continue to readjust their risk exposures, though early Wednesday action is seeing the safe-haven Yen take a step lower as the Pacific market session seeks to get risk appetite back on track. The economic calendar is measurably thin for the Dollar-Yen pairing, though the upcoming US market session will be seeing US Durable Goods orders, slated for 13:30 GMT and the showing is expected to decline to -2.5% (previous 0.8%) as warning signs of an economic slowdown begin to crest over the horizon.

USD/JPY Technical Levels