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USD/JPY rose for the fifth straight......>

DOLLAR-YEN: USD/JPY rose for the fifth straight session on Tuesday, attacking
its 100-DMA in the process, with month-end and quarter-end flows in focus. The
rate crept higher into the Tokyo fix, but shed gains in London afternoon, before
a recoil into the WMR fix allowed it to print fresh intraday highs. It remained
afloat in NY hours, with the yen finishing the day as the worst G10 performer,
as U.S. equity indices advanced.
- That 100-DMA gave way this morning, after USD/JPY closed right where it
intersected on Tuesday. The pair sits +3 pips at Y107.96. A break above the
upper 1.0% 10-DMA envelope at Y108.29 would open up Jun 9 high of Y108.54.
Meanwhile, below Jun 26 trough of Y106.80 would expose Jun 23 low of Y106.07.
- Tokyo Governor Yuriko Koike said yesterday that the capital will revise its
coronavirus monitoring, with a group of experts set to hold weekly meetings to
assess the situation. According to Koike, Tokyo aims at increasing its daily
testing capacity to 10,000 patients.
- Tankan Survey and final Jibun Bank M'fing PMI are the main points of note on
Japan's calendar today.

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