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Free AccessUSD/JPY last deals at Y107.33, a touch...>
DOLLAR-YEN: USD/JPY last deals at Y107.33, a touch higher on the day, with the
BoJ due to publish minutes from its April MonPol meeting at 0050BST/0850JST.
- This comes after the rate finished a touch above Friday's close yesterday,
with both sides of the pair faring particularly badly compared to their other
G10 peers.
- Nonetheless, USD/JPY continues to hover just above its cycle lows. A breach of
the multi-month low of Y107.05, touched last Friday, would expose the lower
Bollinger band (2%), which coincides with the psychological Y107.00 barrier.
Bulls look for a break above yesterday's peak at Y107.54 would bring the 100-HMA
at Y107.65 into view.
- Later in the week, Japanese retail sales data is expected on Thursday, while
industrial output, unemployment and Tokyo CPI hit on Friday. Also on Friday, the
BoJ will publish the summary of opinions from its latest MonPol meeting, while
BoJ's Wakatabe is set to speak on Thursday.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.