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USD/JPY last deals at Y111.95, 6 pips....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last deals at Y111.95, 6 pips higher on the day, with the
yen underperforming at the margin, as reports of the U.S. and China being close
to signing a trade deal supported risk appetite overnight.
- Worth mentioning BoJ Gov Kuroda spoke overnight, but offered little to nothing
new with regards to MonPol.
- The initial bullish target is provided by Y112.08, which represents Friday's
YTD high. A jump above would open up the upper 1.0% 10-DMA envelope, located a
further 10 pips above. Conversely, bears need a fall below the upper Bollinger
band (2%) at Y111.88 before setting their sights on Y111.72, which has limited
losses today.
- Japanese focus this week turns to domestic GDP and BoP data (c/a balance &
trade balance) due Friday, as well as the usual BoJ Rinban ops. Elsewhere, BoJ's
Harada will speak on Wednesday.

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