USD/JPY last trades at Y111.59,..........>

DOLLAR-YEN: USD/JPY last trades at Y111.59, virtually unchanged on the day, with

Japanese markets closed for the extended Golden Week holidays.

- Friday saw the pair edge lower from off, with a soft opening for the Nikkei

225 helping the cross touch its session low of Y111.45. However, USD/JPY bounced

into the Tokyo fix, even as the Nikkei 225 remained in the red. The London/NY

crossover saw the rate spike to its intraday peak at Y112.03, as headline U.S.

GDP came in stronger than exp., but the pair slid, bottoming at Y111.43, as

focus turned to the disappointing breakdown data. The cross then edged towards

unchanged levels and stuck to a tight range towards the close.

- Worth noting on Friday Japanese PM Abe discussed trade matters with U.S. Pres

Trump. According to an FT source story, Abe told Trump that Tokyo cannot provide

concessions for U.S. farmers before U.S. elections.

- A lift through the 200-WMA & 200-HMA, which both kick in at Y111.87, would

bring the Y112.00 mark back into play. Conversely, a fall through the 200-DMA at

Y111.51 would encourage bears to challenge the 50-DMA, located at Y111.33.

- Japanese Nikkei manufacturing PMI (f) comes out on Wednesday.