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USD/JPY oscillates around unchanged......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY oscillates around unchanged levels as both sides of the pair
struggle against their G10 peers, as Asia starts the week with a firmer risk
appetite. U.S. equity index futures have reopened on the front foot and continue
to operate in the green, following Friday's release of upbeat U.S. jobs data.
- The FT cited an interview with Tokyo Gov Koike, who said that the precondition
for holding the Olympics next year is an international agreement on travel and
quarantine, so that "the people of the world can come".
- The Nikkei reported that Japanese & UK Trade Mins will holds talks on a
post-Brexit bilateral trade pact on Tuesday, via a video call.
- USD/JPY deals at Y109.58, almost unch. Bulls look for a rally above the
Y110.00 mark before setting their sights on Y110.36, the 76.4% retracement of
the Mar 24 - May 6 decline. Bears would be pleased by a drop through Jun 4 low
of Y108.61, towards May 19 high of Y108.09, a former breakout level.
- Today's data dump out of Japan includes quarterly GDP, monthly BoP data & Eco
Watchers Survey. Later in the week, focus turns to Tuesday's earnings data and
Thursday's core machine orders.

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