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USD/JPY stuck to a tight range...........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY stuck to a tight range Thursday, before taking a nosedive
over the WMR fix, as U.S. equities retreated. Participants eyed boiling
Sino-U.S. tensions, U.S. fiscal matters, as well as the first uptick in U.S.
initial jobless claims since March.
- Japanese markets remain closed for public holidays today and will re-open
after the weekend. Tokyo Gov Koike asked residents to stay at home, after the
capital recorded a record spike in Covid-19 cases on Thursday.
- USD/JPY last trades at Y106.85, virtually unchanged on the day. Bears look for
a fall through Jul 15/10 lows of Y106.67/65 before taking aim at Y106.07, which
represents the trough of Jun 23. Bulls need a move through Jul 20 high of
Y107.53, which would expose Jul 7 high of Y107.79.
- Japan's data docket next week features final capex & company profits/sales
(Monday), retail sales (Thursday), as well as unemployment & flash industrial
output (Friday). The Summary of Opinions from the BoJ's latest MonPol meeting is
due Monday.

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