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USD/JPY sits at Y109.52, almost..........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY sits at Y109.52, almost unchanged on the day, after adding
17 pips Monday amid a positive showing from European & U.S. equity markets with
S&P 500 hitting a new record high.
- The bullish case is supported by the 50-DMA's cross above the 200-DMA. The Dec
2 high of Y109.73 retains the topside focus and a break here would expose the
May 30 peak at Y109.93. On the flip side, bears look for a fall below the
Y109.00 figure, which limited losses on Dec 13.
- Japanese data this week includes trade balance (Wednesday) and national CPI
(Friday). The BoJ will deliver their monetary policy decision on Thursday.

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