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USD/JPY last trades at Y110.66, ahead....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last trades at Y110.66, ahead of the release of a batch of
Japanese data, with domestic labour mkt report & Tokyo CPI coming up at the
bottom of the hour. Domestic industrial output and retail sales will follow, at
2350GMT/0850JST.
- JPY finished Thursday's Asia-Pacific session atop the G10 pile, with USD/JPY
nearing the Y110.00 mark into the European morning, as the Nikkei 225 operated
in negative territory, while S&P 500 futures had a look below 2,800, before
recovering somewhat on the back of optimistic signals re: Sino-U.S. trade talks.
- The rate advanced through the London & NY sessions, amidst a gradual recovery
in risk appetite, with USD growing firmer in sync with U.S. Tsy yields, which
allowed the greenback to jump atop the G10 currency leaderboard eventually. This
allowed the rate to close a dozen pips higher Thursday.
- A lift through the nearby cloud Tenkan Sen at Y110.70 would put bulls in the
position to target the 100-WMA, located just a pip below Thursday's high of
Y110.83. Conversely, a fall below the 50-DMA at Y110.53 would bring Y110.31,
which represents the 100-HMA, into view.

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