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USD/JPY slid from its Asia-Pac highs.....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY slid from its Asia-Pac highs through the rest of Monday,
even as broader risk-on mood remained intact. Headlines pointing to a
5.5-magnitude earthquake in Japan's Izu islands pushed the rate to intraday lows
late doors. USD/JPY continued to operate at depressed levels into the close.
- Meanwhile, the Kyushu island was hit by heavy rainfalls, with Japan's
Meteorological Agency maintaining the highest alert level for several
prefectures across the island.
- USD/JPY trades flat at Y107.35. Losses past Jun 26 low of Y106.80 would draw
attention to Jun 23 low of Y106.07. On the flip side, bulls look for a jump
above Jul 1 high of Y108.16 before targeting Jun 9 high of Y108.54.
- Japanese economic docket this week features earnings/spending figures (today),
BoP data & Eco Watchers Survey (Wednesday), core machine orders & flash machine
tool orders (Thursday), as well as PPI (Friday).

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