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USD/JPY sits marginally above neutral....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY sits marginally above neutral levels, last at Y107.57. The
rate may have drawn some modest support from an uptick in e-minis. The move has
been limited, with the pair happy to hold Friday's tight range.
- Early projections showed that Tokyo Gov Koike secured a landslide victory and
won re-election in Sunday's poll. With the coronavirus outbreak taking centre
stage, Koike said she plans to create a Tokyo version of U.S. CDC.
- Elsewhere, Econ Min Nishimura said that the gov't is not considerin imposing
another state of emergency, even as the number of new Covid-19 cases in the
capital topped 100 for the fourth straight day on Sunday.
- A break above Jul 1 high of Y108.16 would allow bulls to set their sights on
Jun 9 high of Y108.54. Conversely, a dip through Jun 26 low of Y106.80 is needed
to expose the low of Jun 23 at Y106.07.
- Japanese economic docket this week features earnings/spending figures
(Tuesday), BoP data & Eco Watchers Survey (Wednesday), core machine orders &
flash machine tool orders (Thursday), as well as PPI (Friday).

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