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USDJPY cleared Y111.00 yesterday,........>

DOLLAR-YEN
DOLLAR-YEN: USDJPY cleared Y111.00 yesterday, extended gains to Y111.24 before
stalling ahead of the 200-dma (Y111.31). The risk-off theme triggered by
Indian-Pakistan tensions & Huawei concerns has seen the rate drop back under
Y111.00, suggesting a false break. Rate largely consolidates Y110.75/85 into
Europe with near-term support at Y110.63/49 from the 61.8%/76.4% fibo levels of
Y110.26-111.24. Last Y110.84.

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