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USD/JPY operates in familiar.............>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY operates in familiar territory, last dealing at Y111.93.
- JPY price action was limited on Monday, with traders looking through 2 defeats
for Japanese PM Abe's LDP party in regional elections over the weekend.
- Various moving averages and recent intraday lows provide support ahead of the
cloud Tenkan Sen at Y111.54 and 200-DMA at Y111.51. To the upside, a clean break
above the 100-HMA at Y111.95, and Y112.00 opens up the YtD high of Y112.17.
- Thursday's BoJ MonPol decision provides the highlight of the domestic docket
this week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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