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USD/JPY last deals at Y107.38, a.........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last deals at Y107.38, a handful of pips higher on the day,
with JPY struggling somewhat as U.S. equity futures have ticked higher.
- The rate charted a Doji on Friday. The initial drop on the back of a softer
Nikkei 225 and an NYT report re: Trump & revoked strikes against Iran was
retraced into the European morning and the pair topped out at Y107.74 at the WMR
fix. However, persistent USD weakness helped drag the rate back to neutral
levels towards the end of the day, while JPY was damaged by profit taking after
a strong week for the currency.
- Initial resistance noted at the cloud Tenkan Sen at Y107.89, just ahead of the
100-HMA & Jun 19 low. Bearish attention is drawn to the lower Bollinger band
(2%) at Y107.11, ahead of the lower 1.0% 10-DMA envelopem at Y107.02.
- As a reminder, the G20 summit kicks off in Osaka on Friday.
- Japanese data highlights this 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 speaks on Thursday.

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