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USD/JPY registered modest gains in a.....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY registered modest gains in a very quiet Asia-Pac session and
last trades at Y113.34, 15 pips or so higher as Japanese equities advanced. 
- Cross edged higher as Chinese Vice President Wang noted that China is willing
to talk to the U.S. re: trade dispute, with market reaction limited, while the
cross hit session highs of Y113.36 as the Nikkei 225 registered a fresh session
high in the afternoon session. 
- This came after JPY underperformed on Monday, with a largely positive session
for U.S. equities (ex-NASDAQ), as well as a stronger than expected U.S. ISM
non-manufacturing report, lending support to USD/JPY. 
- Having based ahead of the 21-DMA on Friday, the recovery and subsequent close
above the 200-WMA keeps the bullish trend intact, with the rate consolidating
above the Y113 level, shifting focus to the Oct 31 high at Y113.39, ahead of the
Oct 8 high at Y113.94. On the downside, a close below the 21-DMA, at Y112.56,
returns the outlook neutral with bears targeting broken trendline
resistance-turned-support at Y112.30.

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