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USD/JPY trades flat at Y107.83 ahead.....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY trades flat at Y107.83 ahead of Tokyo CPI numbers.
- The pair slid gradually through yesterday's Asia-Pac & European sessions,
touching an intraday low of Y107.43 before renewed demand for the greenback
helped erase those losses towards the end of the day. Described gyrations were
largely driven by USD amid month-/quarter-end adjustments.
- BoJ Gov Kuroda said Thursday that the BOJ will manage MonPol in an appropriate
manner without any preconceptions, while carefully examining various risks.
- The rate is currently flirting with its 100-DMA, which intersects at Y107.83.
Bulls look for a push further above there and through the Y108.00 figure. On the
downside, a dip below Y107.53, the 23.6% retracement of the Aug 26 - Sep 18
rally and also the low of Sep 20, would expose the Sep 16 low of Y107.46.
- Japanese data releases next week kick off with the publication of local retail
sales and flash industrial output on Monday. Q3 Tankan Survey, as well as
unemployment and final Jibun Bank m'fing PMI are due on Tuesday. The summary of
accounts from the latest BoJ MonPol meeting comes out on Monday, while BoJ's
Funo speaks on Thursday.

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