USD/JPY extended its recent bull run.....>

DOLLAR-YEN: USD/JPY extended its recent bull run yesterday, as a rally into the

WMR fix and later gains allowed it to shake its weakness from London hours. The

earlier drop was aided by a DJ report that the U.S. was considering adding more

Chinese media outlets to the list of foreign missions, which would require them

to declare their personnel and assets.

- In Japan, the Nikkei reported that the gov't may remove quarantine

requirements for business travellers from some countries.

- USD/JPY trades at Y109.18, just slightly better off. Bulls keep an eye on the

Apr 6 high of Y109.38, followed by the upper 3.0% Bollinger band. On the

downside, initial focus falls on May 19 high of Y108.09, a former breakout

level, followed by Jun 2 low of Y107.51.

- Japanese household spending data comes out today. Next week, focus turns to

final quarterly GDP, monthly BoP data & Eco Watchers Survey, due Monday,

Tuesday's earnings data and Thursday's core machine orders.