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USD/JPY has a brief look below...........>

DOLLAR-YEN: USD/JPY has a brief look below Friday's low, printing at Y110.30,
but last trades back around unchanged levels circa Y110.45.
- Topside hesitation in the pair is a concern, with Y111.39-112.04 where the May
highs are noted remaining key. Bears now need a close below Y110.13 (200-DMA) to
gain breathing room and below Y109.90 (55-DMA) to confirm a break of Y110.27
(bull channel base off 2018 lows).
- A speech from BOJ Governor Kuroda dominates the Japanese docket today. 108.24.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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