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USD/JPY reversed its early losses on.....>

DOLLAR-YEN: USD/JPY reversed its early losses on Monday, as U.S. Tsy yields
moved higher, with the pair recovering back through Y111.00 to a high of
Y111.54, before fading. Early Asia-Pacific trade has seen the cross trade back
up to Y111.50.
- The aforementioned Monday high (Y111.54) represents the initial point of
resistance, with a break opening up a move to hourly resistance from July 20
(Y111.90). Initial support is noted at Monday's low (Y110.74).
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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