USD/JPY hovers around unchanged levels...>

DOLLAR-YEN: USD/JPY hovers around unchanged levels at ~Y112.60, after the JPY

experienced some modest safe haven flows on the back of China walking away from

the planned round of U.S.-China trade talks in early dealing this week.

- Japanese markets are closed today, which will effect liquidity in the JPY

crosses.

- The BOJ's latest tweak to its Rinban operations had little effect on the JPY

on Friday.

- USD/JPY's daily momentum indicators continue to provide outright bullish

signals with focus on the July 19 high (Y113.17). A break above here would

suggest the longer-term uptrend is resuming, opening the YTD high (Y113.39).

Bears need a break back below Y111.60 to shift the outlook to neutral.

- Japanese PM Abe is in the U.S. at present, meeting with U.S. President Trump,

ahead of trade talks between Japan's Motegi & U.S. TR Lighthizer on Tuesday. A

speech from BOJ Gov. Kuroda, the summary of opinions from the BOJ's latest

MonPol decision & the usual Rinban operations provide the points of interest

elsewhere this week.