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USD/JPY has added a handful of pips......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has added a handful of pips and last sits at Y108.74. The
rate may have drawn some support from the news that China plans to crack down on
IP theft in an attempt to push trade talks with the U.S. forward.
- Bulls need the 200-DMA at Y108.95 to give way before setting their sights on
the high of Nov 18 at Y109.07. Bears target the 50-DMA at Y108.31, followed by
the Nov 14 trough at Y108.24.
- Foreign Ministers of Japan and South Korea agreed to work towards a bilateral
prime-ministerial meeting, which would take place on the sidelines of a
trilateral summit with China next month. As a reminder, on Friday Seoul
announced a last-minute suspension of its planned withdrawal from a military
intelligence-sharing pact with Japan.
- This comes after Friday saw the rate chart a virtual Doji & trade range-bound
through the day amid little in the way of market-moving catalysts.
- Japanese docket this week features retail sales (Thursday) Tokyo CPI,
unemployment and flash industrial output (Friday). BoJ's Sakurai will speak on
Wednesday.

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