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USD/JPY last deals at Y110.53, a touch...>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last deals at Y110.53, a touch higher on the day, as the yen
fell to the bottom of the G10 pile overnight, pressured by the broader risk-on
theme. The Nikkei 225 finished ~1.8% higher on the day.
- Friday`s peak at Y110.65 remained intact in the Asia-Pacific session and
continues to provide the initial layer of resistance. A break above would bring
the YTD high of Y111.13 into view. Conversely, bears eye Y110.26, where the rate
bottomed Friday, before challenging the 50-DMA at Y110.12.
- Japanese focus this week turns to trade balance data due Wednesday, Nikkei
m'fing PMI due Thursday, national CPI due Friday, as well as the usual BoJ
Rinban ops.

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