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USD/JPY meandered Monday and finished....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY meandered Monday and finished just above neutral levels,
after holding a very tight range. Both sides of the pair struggled against their
G10 peers, as participants shied away from safe havens.
- The Financial Times reported that "Japan has given the UK just six weeks to
strike a post-Brexit deal", with Japan's chief negotiator warning that both
sides need to "limit their ambitions".
- USD/JPY trades at Y106.93, little changed on the day. A clearance of Jun 16
peak at Y107.64 would open up Jun 9 peak at Y108.54. Bearish focus falls on Jun
11 low of Y106.58 and a break here would expose May 11 low of Y106.40.
- Focus turns to flash Jibun Bank PMIs (today), the summary of opinions from the
BoJ's most recent MonPol meeting (Wednesday), & Tokyo CPI (Friday).

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