USD/JPY stuck to a very tight, 9 pip.....>

DOLLAR-YEN: USD/JPY stuck to a very tight, 9 pip range overnight, with Japanese

markets closed for the extended Golden Week holidays. The rate last sits at

Y111.61, hovering just above the opening levels. 

- Worth noting on Friday Japanese PM Abe discussed trade matters with U.S. Pres

Trump. According to an FT source story, Abe told Trump that Tokyo cannot give

agricultural concessions before U.S. elections.

- With the 200-DMA at Y111.51 intact through the session, bears look for a break

below the level, before turning focus to the 50-DMA, situated at Y111.33. On the

topside, bulls look to the 21-DMA at Y111.70. The figure comes in ahead of

Y111.86/87, which represents the 200-HMA/200-WMA and above here would bring the

psychological Y112.00 level back into play.

- Japanese Nikkei manufacturing PMI (f) comes out on Wednesday.