USD/JPY last deals at Y112.01, barely....>

DOLLAR-YEN: USD/JPY last deals at Y112.01, barely changed on the day.

- Friday saw the yen weighed on by an impressive showing from global equities.

Risk-on flows allowed the rate to squeeze above the psychological Y112.00 level

for the first time since early March, and finish 36 pips better off. Worth

noting USD/JPY advanced in Friday's Asia-Pac session, after large EUR/JPY demand

emerged around the Tokyo fix, spilling over into all G10 yen crosses.

- As a reminder, U.S.- Japan trade talks are starting this week, as Japanese

Trade Min Motegi travels to Washington for a meeting with his U.S. counterpart

Lighthizer.

- Bulls remain focused on the nearby Mar 5 YTD high of Y112.14. A breach of the

level would expose the upper 1.0% 10-DMA envelope, situated at the Dec 20 high

of Y112.60. On the downside, initial attention is drawn to the 200-DMA at

Y111.51.

- Japanese industrial output and trade balance due Wednesday, national CPI due

Friday, as well as the usual BoJ Rinban ops take focus this week. Elsewhere, BoJ

Dep Gov Wakatabe will make a speech later today.