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*CORRECT* TAG CORRECTED USD/JPY last.....>

DOLLAR-YEN
DOLLAR-YEN: *CORRECT* TAG CORRECTED USD/JPY last trades flat at Y109.92.
- The pair caught a modest bid in early Asia-Pac trade, as U.S. Special Counsel
Mueller's investigation failed to find evidence of Trump campaign collusion with
Russia re: the 2016 election.
- Broader risk-off flows then came to the fore, as the Nikkei 225 opened on the
back foot and ebbed lower through the day, finishing ~3.0% lower.
- However, risk aversion failed to generate lasting downside momentum and the
rate bounced from its 6-week low of Y109.71, located just a pip above the down
trendline from Dec 14, before easing off somewhat.
- Bears look for a fall below the aforementioned trendline, before shifting
focus to the lower Bollinger band (3%) at Y109.47. Meanwhile, bulls need a
recovery through the cloud top & the lower Bollinger band (2%) at Y109.95 &
Y110.05 respectively, before challenging the 55-DMA ay Y110.25.
- Japanese highlights this week include industrial output, labour mkt data and
Tokyo CPI, all due Friday. Elsewhere, focus will fall on the BoJ summary of
opinions, due tomorrow, and comments from BoJ's Harada, due later today.

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