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USD/JPY has ticked higher and last.......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has ticked higher and last sits at Y110.55 after closing 44
pips better off Monday, as stronger risk appetite, underpinned by a positive
showing from global equity markets, weighed on JPY.
- USD/JPY is flirting with its 100-DMA of Y110.53 at writing, after breaching
the level for the first time since early May yesterday. A clean break above
would open up the recent Y110.96-Y111.07 gap. Conversely, bears look for a
pullback through Tuesday's low of Y110.04 to gain some momentum.
- Japanese trade data, due at 0050BST/0850JST alongside core machine orders,
will draw some attention, after the recent uptick in Japanese GDP turned out to
be driven by an increase in net exports, with both imports and exports falling.
- BoJ's Harada speaks also today, Nikkei m'fing PMI comes out on Thursday, while
national CPI hits on Friday.

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