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USD/JPY has edged lower and last sits....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has edged lower and last sits at Y111.46, after climbing 17
pips higher yesterday, as strong Australian and Chinese data prints, as well as
optimistic signals re: Sino-U.S. trade negotiations bolstered the broader risk
appetite. The yen landed at the bottom of the G10 currency board as a result,
despite marginally outperforming in early Asia-Pac hours yesterday. Worth noting
softer than exp. U.S. ISM non-m'fing print allowed the rate to have a brief look
into negative territory in the London/NY crossover, but this proved short-lived.
- A lift through the 200-DMA at Y111.49, which marks the upper end of today's
range thus far, would open up the down trendline from Nov 28 at Y111.54, briefly
breached yesterday. Above here opens the psychological Y112.00 figure.
Meanwhile, bears look for a slide through the 100-HMA at Y111.19 towards the
21-DMA, situated 5 pips above the Y110.00 mark.
- Japanese calendar is rather light during the remainder of this week.

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