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USDCAD TECHS

Bears Still in Control

AUDUSD TECHS

Tops 0.80 as Reflationary Theme Rolls On

SILVER TECHS

Volatile, Outlook Remains Bearish

DOLLAR-YEN
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.