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USD/JPY climbed 30 pips overnight and....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY climbed 30 pips overnight and last sits at Y113.07, as the
yen lost steam, although regional benchmark stock indices moved lower, while the
greenback garnered strength from warmer trade rhetoric out of China and U.S.
equity index futures ticking higher overnight. 
- The usual guarded/dovish rhetoric from BoJ's Wakatabe did little to stir
trading activity. 
- The rate has jumped back onto the Y113.00 handle and bulls focus on the 50-DMA
at Y113.10, followed by Tuesday's intraday highs of Y113.66. Meanwhile, initial
support is located at the 200-WMA at Y112.94 and a break below would open up the
cloud top at Y112.67.
- The Japanese calendar for the remainder of this week is rather light.

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