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USD/JPY is little changed at typing,.....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY is little changed at typing, with both sides of the pair
faring well vs. their G10 peers as U.S. equity index futures have lost ground.
Many in Japan have probably taken the two days between Wednesday's Showa Day and
the upcoming long weekend off, which should limit liquidity today. Worth noting
that the Nikkei reported that JBIC will lend the USD equivalent of JPY1tn for
the firms' overseas operations. This comes after yesterday's rebound, which
allowed the rate to snap a six-day losing streak.
- Worth reminding that PM Abe suggested that the state of emergency may be
extended. NHK reported that final decision will be made Monday, with RTRS
sources pointing to a ~month-long extension.
- USD/JPY sits at Y107.18, with bulls looking for a break above yesterday's peak
at Y107.50, which would open the 21-DMA at Y107.79. Bears would be pleased to
see a fall below Apr 29 low of Y106.36.
- Tokyo CPI and final Jibun Bank M'fing PMI headline the local docket today.
Data releases resume after the long weekend, with the minutes from BoJ Mar
MonPol meeting due next Thursday & earnings/spending data coming up next Friday.
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