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USD/JPY added 15 pips overnight and......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY added 15 pips overnight and last sits at Y108.06 as solid
Chinese Q2 GDP & June macroeconomic indicators revived risk appetite, applying
pressure to safe haven FX. The yen ended up as the worst G10 performer. 
- Worth highlighting that liquidity is sapped today due to a market
closure/public holiday in Japan.
- Following a break above the 21-DMA at Y108.03, bulls look to extend gains as
they target the cloud Tenkan Sen/200-HMA at Y108.26/28. Conversely, a fall off
the Y108.00 handle would encourage bears to set their sights on Y107.81, where
the pair bottomed on Friday. Below lies the key trendline support at Y107.27.
- Points of interest this week include Japanese trade data and CPI, due on
Thursday and Friday respectively, as well as the usual BoJ Rinban operations.
Any developments in the ongoing trade conflict between Japan and South Korea
will also draw attention.

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