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USD/JPY sits at Y112.80, just a touch....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY sits at Y112.80, just a touch lower on the day, after
slipping some 80 pips Friday on the back of broader dollar weakness triggered by
dovish comments from Fed speakers. 
- Trade worries dominated price action in early Asia-Pac dealing today after
markets absorbed U.S. VP Pence's hawkish comments re: China trade matters & the
APEC summit failing to conclude with a joint statement due to divisions over
global trade, which sent JPY atop the G10 pile. 
- Positive performance from Japanese benchmark stock metrics might have capped
the yen's gains. 
- Bears continue to eye Friday's low at Y112.64 as a clean break below would
open up the Nov 2 low at Y112.56. On the upside, initial bullish target falls on
the 21-DMA at Y113.09, just above the psychologically significant Y113.00. A
break above would shift focus to Friday's intraday high at Y113.65. 
- Japanese points of note this week includes BoJ Rinban ops, CPI figures due
Thursday & m'fing PMI due Friday.

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