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USD/JPY trades flat at Y110.57 after.....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY trades flat at Y110.57 after falling 53 pips Thursday,
mostly on the back of the latest round of U.S. data, including particularly weak
retail sales figures. BBG reports suggesting that U.S. and China remain
significantly divided on trade matters added pressure to the pair, pressing it
further below the Y111 mark in the London afternoon. 
- This occurred after the yen modestly underperformed in yesterday's Asia-Pac
session, weighed on by optimism re: Sino-U.S. trade talks, evident before the
aforementioned BBG story came out. 
- The initial bearish target is provided by Y110.46, where the rate bottomed
yesterday, and a break below would draw attention to the 50-DMA at Y110.22.
Meanwhile, bulls eye Y110.73, which represents the 38.2% fibo retracement of the
move from Y104.56 to Y114.55, ahead of the 100-WMA at Y110.79. 
- Final Japanese industrial output comes out later today. Next week, Japanese
focus turns to trade balance data due Wednesday, m'fing PMI due Thursday &
national CPI due Friday, as well as the usual BoJ Rinban ops.

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