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DOLLAR-YEN: USD/JPY has extended to fresh session highs of Y111.16, moving above
the July 03 high (Y111.14), with immediate resistance noted at the May 22 high
(Y111.18), followed by May's monthly high (Y111.39).
- There has been little in the way of domestic catalysts fueling JPY's decline
in the early part of this week, however, broader risk appetite has picked up
after markets took solace from a lack of escalation in the U.S.-China trade spat
over the weekend.