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USD/JPY last trades at Y108.54,..........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last trades at Y108.54, virtually unchanged on the day,
after trading within a 6 pip range and finishing near Friday's close on Monday.
- Bulls remain focused on the Jun 11 high of Y108.80 ahead of the 23.6% fibo
retracement of a fall from Y112.40 to Y107.82, which comes in at Y108.90. Bears
look for a breach of the100-HMA/200-HMA at Y108.45/44 before challenging the
cloud Tenkan Sen at Y108.31.
- Japanese trade balance data will be published on Wednesday, ahead of BoJ
MonPol decision due Thursday, with CPI & m'fing PMI (p) due Friday. BoJ's Eto
speaks on Wednesday.

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