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USD/JPY trades flat at Y109.52...........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY trades flat at Y109.52. Japanese industrial output (p),
unemployment and Tokyo CPI are due shortly.
- The rate finished a touch lower Thursday, having round tripped from an
intraday low of Y109.33. USD/JPY kicked off by posting a leg lower as U.S.
President Trump signed the Hong Kong bill into law, but almost erased those
losses thereafter.
- The Nov 27 high of Y109.61 remains firmly in sight, providing the initial
bullish target. A break here would expose Y109.93, the peak of May 30.
Conversely, bears need a retreat under the Y109.00 mark, towards the 200-DMA at
Y108.93.
- Japanese focus next week turns to capex & final Jibun Bank m'fing PMI
(Monday), a speech from BoJ's Harada (Thursday) and earnings data (Friday).

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