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JPY sits atop the G10 FX table on the....>

DOLLAR-YEN
DOLLAR-YEN: JPY sits atop the G10 FX table on the back of Trump's China tariff
related tweets. JPY crosses will still be hampered by lower liquidity stemming
from the elongated Japanese holiday, with Tokyo set to return to business on
Tuesday.
- USD/JPY last deals 30 pips or so softer at Y110.79, back from session lows of
Y110.54. Bears look for a clean break below the 100-DMA at Y110.62 to open up
the December 31 high at Y110.48, with support levels then clustered into
Y110.40, which represents the lower 1.0% 10-DMA envelope. Bulls look to reclaim
Y110.85, which represents the lower Bollinger Band (2%), and 61.8% retracement
of the move from Y114.55 to Y104.87. A break above here would open up Y111.00,
and the December 28 high at Y111.03.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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