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USD/JPY probed above Y114.00 on..........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY probed above Y114.00 on Monday, but bulls still look for a
convincing break/close above the figure, rate last deals at Y113.95.
- Monday's/the recent cycle high (Y114.06) provides the initial point of
resistance, with a break opening up the November 2017 high (Y114.73). Pullbacks
have so far remained shallow with bears needing a break of the September 20 low
(Y112.04) and retracement toward the Y111.60 level to shift the outlook back to
neutral.
- Focus turns to this week's scheduled BOJ Rinban operations.
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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