USD/JPY posted an uptick to today's......>

DOLLAR-YEN: USD/JPY posted an uptick to today's best levels as BoJ Gov Kuroda

said that the central bank still has room for big stimulus. This occurred after

the pair had advanced through the Asia-Pac session, as the suspension of U.S.

tariffs on Mexico buoyed USD & aided broader risk appetite from the off.

- Muted reaction was noted to Japanese data releases, even as final GDP saw an

unexpected upward revision. Meanwhile, headline BoP current account surplus was

wider than exp. (even as trade balance printed as -Y98.2bn vs. exp. of +Y5.0bn),

while Eco Watchers Survey tallies missed forecasts.

- USD/JPY last trades at Y108.64, 45 pips better off. After the rate breached

its 200-HMA at Y108.59, bulls look to the cloud Tenkan Sen at Y108.88. A break

above would expose the May 13 low of Y109.02. Conversely, bears look to return

below the 200-HMA before challenging the 100-HMA, which kicks in at Y108.27.

- Data highlights in Japan later in the week include core machine orders & PPI

due Wednesday, as well as industrial output (f) due Friday.