A rebound in European & U.S. equity......>

DOLLAR-YEN: A rebound in European & U.S. equity benchmarks helped USD/JPY creep

higher Monday, with better than expected U.S. pending home sales pushing the

rate higher still. That said, it eased off ahead of the close, with eyes on the

coronavirus situation & U.S.-China tensions.

- BBG ran a headline from NHK noting that Tokyo will not set numerical guidances

to impose restrictions.

- Former BoJ member Yutaka Harada told BBG that the central bank should boost

asset purchases rather than lower its negative interest rate, if it needs to add

monetary stimulus.

- The rate last trades at Y107.59, oscillating around neutral levels. A break

above yesterday's high/100-DMA at Y107.88/93 would expose Jun 9 high of Y108.54.

Conversely, a dip through Jun 26 low of Y106.80 is needed to open up Jun 23 low

of Y106.07 & the key May 6 & 7 lows of Y105.99.

- Japan reports unemployment & flash industrial output today, with Tankan Survey

and final Jibun Bank M'fing PMI due Wednesday.