A combination of good news on the........>

DOLLAR-YEN: A combination of good news on the Brexit front and a positive start

for Japanese equities has applied some pressure on the yen, with additional

weight noted around the Tokyo fix. USD/JPY last trades 20 pips higher, at

Y111.42, with the Nikkei 225 ~1.7% higher at writing.

- The rate finished just a handful of pips higher yesterday, as both USD & JPY

struggled. The early part of the Asia-Pac session witnessed JPY outperformance,

but this faded after Chinese equities opened on the front foot, before the rest

of the day saw major global equity indices edge higher.

- Bulls look for consolidation above the 200-DMA & 100-HMA at Y111.42, which

would open the 200-HMA, located at Y111.55. On the downside, the initial target

is provided by Y111.33, which represents the 100-DMA & Mar 1 low. A breach of

that level would bring the 21-DMA at Y111.08 into view.

- Japanese focus this week falls on domestic PPI, core machine orders and BoJ

Rinban ops, all due Wednesday, with the BoJ MonPol decision due Friday.