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USD/JPY has virtually recouped its.......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has virtually recouped its initial losses, but remains
limited by a broader defensive feel stemming from a mix of previously documented
developments surrounding the coronavirus situation & geopolitics.
- The rate operates at Y106.85, marginally below neutral levels. A fall through
Jun 11 low of Y106.58 would give bears a green light for targeting May 11 low of
Y106.40. Bulls look to take out the 50-DMA at Y107.44 before taking aim at
Y107.64, the high of Jun 16.
- Focus turns to flash Jibun Bank PMIs (Tuesday), the summary of opinions from
the BoJ's most recent MonPol meeting (Wednesday), & Tokyo CPI (Friday).

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