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The yen has started the week on the......>

DOLLAR-YEN
DOLLAR-YEN: The yen has started the week on the back foot, as risk sentiment
received a boost from the U.S.-Mexico agreement. The deal suspends the tariffs
on all Mexican goods, which were to take effect on Monday. USD/JPY last deals at
Y108.47, 28 pips higher on the day, with JPY lagging all of its G10 peers.
- This occurs after USD/JPY dropped 21 pips Friday, after disappointing U.S. NFP
data delivered a blow to the greenback. USD/JPY declined as a result, even as
outperforming global equities applied weight to the yen.
- On the technical front, bulls look for a break above the 200-HMA at Y108.62
before challenging the cloud Tenkan Sen, which comes in at Y108.88. Conversely,
bears need a fall through the 100-HMA at Y108.23 before turning focus to the Jun
6 low at Y108.03 and the Y108.00 mark.
- Japanese Trade Min Motegi will meet with U.S. TR Lighthizer for trade talks in
Washington on Thursday.
- Data highlights in Japan this week include GDP (f), BoP c/a data (p) & Eco
Watchers Survey due later today, core machine orders & PPI due Wednesday, as
well as industrial output (f) due Friday.

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