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USD/JPY last deals at Y107.32, almost....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last deals at Y107.32, almost unchanged, ahead of the
release of Japanese CPI at 00:30BST/08:30JST and flash m'fing PMI reading, due
an hour later.
- Today's 1-10 Year Rinban ops will be closely scrutinised amid speculations
that the BoJ may trim the size of its purchases after 10-Year JGB yield slid to
-0.187% on Thursday, nearing the lower end of the BoJ's range at -0.200%.
- This comes after USD/JPY sank 80 pips Thursday, as USD was sold on FOMC easing
bets. Increasing U.S.-Iran tensions also helped JPY through safe haven demand.
- After the rate touched a fresh cycle low of Y107.21 on Thursday, bears look
for a slide through the level before setting their sights on the lower 
Bollinger band (3%) at Y106.79. Bulls need to recover the Jan 4 low of Y107.52
before attempting a run at the psychological barrier of Y108.00.
- Japanese data highlights next week include retail sales due Thursday, as well
as industrial output, unemployment and Tokyo CPI due Friday. The BoJ will
publish its Apr MonPol meeting minutes on Tuesday and the summary of opinions
from the latest meeting on Friday, while BoJ's Wakatabe shall speak on Thursday.

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