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USD/JPY struggled for clear direction....>

DOLLAR-YEN: USD/JPY struggled for clear direction on Monday & traded around
Y111.00 for the most part, last ~Y111.15.
- From a technical perspective bulls initially need to break back above the Sep
06 high (Y111.76) to regain the upper hand. Bears continue to target the 100-DMA
- BOJ Rinban operations dominate the Japanese docket this week.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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