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

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has ticked higher and last trades at Y110.20, +5 pips on the
day. Bulls watch the rate move towards Friday's multi-month high of Y110.29, as
a break here would clear the way to the high of May 23 at Y110.36. Worth noting
that their case is supported by a 100-/200-DMA bullish cross. Meanwhile, a dip
under the Y110.00 level would expose the Jan 15 low at Y109.79.
- Friday saw USD/JPY chart a (virtual) Doji candlestick, which pointed to market
indecision. The rate stuck to a fairly tight, 24 pip range.
- PM Abe will address lawmakers at the start of the next parliamentary session
today. He is exp. to reiterate his call to revise Japan's pacifist constitution,
but it seems unlikely he will be able to deliver on this promise any time soon.
- Datawise, highlights in Japan this week include final industrial output
(Monday), trade balance (Thursday), as well as CPI and flash Jibun Bank m'fing
PMI (Friday). Elsewhere, the BoJ will deliver its monetary policy decision
(Tuesday) and publish the minutes from the Dec meeting (Friday).

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