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USD/JPY has ticked lower in the..........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has ticked lower in the NY/Asia crossover after Apple said
it will probably fail to meet its revenue guidance in Q1 amid the Covid-19
outbreak. The rate sits at Y109.82, 6 pips worse off.
- Monday's late doors sell-off allowed USD/JPY to pare some of its earlier
gains, inspired by China's pledge to boost fiscal stimulus to combat fallout
from the coronavirus outbreak. Earlier in the session, Japan reported
particularly underwhelming preliminary GDP figures for Q4.
- Japanese health authorities confirmed 99 further Covid-19 cases aboard the
Diamond Princess cruiser, bringing the total number of patients there to 454.
- A break above the Feb 12 high of Y110.13 would draw attention to the Jan 17
multi-month high of Y110.29. Bears need a fall below the Feb 13 low of Y109.62
to get a green light for targeting  Y109.53, the low of Feb 7.
- Coming up later this week trade balance & core machine orders (Wednesday), as
well as CPI & flash Jibun Bank PMIs (Friday).

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