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USD/JPY last trades at Y110.80, 20.......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last trades at Y110.80, 20 pips worse off on the day, as the
Nikkei 225 posted a downtick late in the Asia-Pac session (and finished ~0.8%
lower), with the rate following suit. There are questions surrounding the
Trump-Kim summit after the schedule was quickly changed around 30 minutes ago.
- The yen failed to benefit from a modest risk-off theme earlier in the session,
as Japanese industrial output & retail sales both missed expectations.
- Bears keep an eye on the 100-WMA at Y110.78 and a breach of that level would
allow them to target Y110.62, which represents the down trendline from Dec 14.
Conversely, bulls need to clear the psychological Y111.00 level before
attempting a run at Monday's YTD high of Y111.24.
- The BoJ is set to announce its Rinban plans for the month of March after
market. Japanese focus will then turn to domestic labour mkt data, CapEx, Tokyo
CPI & Nikkei m'fing PMI due Friday.

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