EUR/JPY sticks to a 25 pip range in........>

EURO-YEN: EUR/JPY sticks to a 25 pip range in early Asia-Pac dealing and

presently sits at Y128.82, as modest risk off flows set the tone during early

dealing this week. 

- The rate edged higher early Friday, hitting session highs at Y129.32,

responding to risk on flows triggered by the prospect of the U.S. and China

ending the ongoing trade war with a ceasefire at the G20 summit later this

month. Later, EUR/JPY erased some of its earlier gains on the back of

underperforming U.S. equities & a MNI sources piece re: ECB LTROs, but recouped

most of the losses towards the end of the day. 

- Bulls keep an eye on the broken trendline support-turned-resistance at Y129.14

before challenging the 100-DMA at Y129.45 for confirmation of the recent

uptrend. The bearish focus falls on the nearby 23.6% fibo at Y128.69 and a break

below would open up Friday's Asia-Pac lows of Y128.38. 

- Points of note this week include Japanese current A/c bal & core machine

orders due Weds. Elsewhere, BoJ's Funo will speak on Weds and the central bank

will release its summary of opinions from its latest MonPol decision on Thurs.