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USD/JPY last deals at Y108.55, a touch...>

DOLLAR-YEN: USD/JPY last deals at Y108.55, a touch higher on the day ahead of
the Tokyo equity open. The Nikkei 225 is poised to start on the front foot, on
the back of the Wall St. rally (induced by Fed Chair Powell & a strong NFP
report) after the Japanese benchmark posted losses in its first trading session
of 2019 on Friday. 
- Wall. St's rally resulted in the pair adding ~80 pips Friday, with the yen
underperforming all of its G10 peers amidst the reinvigorated risk appetite. 
- Bulls look to the reported resistance at Y108.80. A break above would bring
the Jan 3 high & 61.8% fibo retracement of the move from Y111.41 to Y104.87 at
Y108.92 into view. Conversely, bears need a fall through the lower Bollinger
band (2%) at Y107.69, which would open up Y107.52, where the rate bottomed
- Japanese monetary base, as well as composite & services PMIs are all due
within an hour, while trade balance (BoP basis) will be released Friday.
Elsewhere, usual Rinban ops will be of interest.

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