USD/JPY has edged lower at the start.....>

DOLLAR-YEN: USD/JPY has edged lower at the start to the week and last trades -8

pips at Y107.75, amid modest risk-off flows. The U.S. and China continued to

trade barbs over the weekend, while violent protests in the U.S. escalated and

spread across multiple cities.

- Bears look for a drop through last Friday's low of Y107.09, towards May 13 low

of Y106.74, a key near-term support. Bulls need a rally above Apr 16 & 17/May 19

highs of Y108.08/09 before attempting a move at Apr 10 high of Y108.59. Worth

noting the 100-DMA has just crossed below the 200-DMA.

- Final Jibun Bank M'fing PMI, capex & company sales/profits are due for release

out of Japan later today.