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USDJPY last trades at ~109.35, after.....>

DOLLAR-YEN
DOLLAR-YEN: USDJPY last trades at ~109.35, after the uptick in US yields kept
the cross above 109.00 for almost all of the EU & NY sessions.
- Immediate focus remains on WMAs & DMAs layered between 109.46 & 110.47, with a
close above needed to confirm breaks & target 2018 highs. Initial support is
noted at yesterday's hourly support level (108.97), followed by Monday's hourly
support (108.54).
- While US yields will be a key short term driver Friday brings several risk
events for the cross, with the BoJ's latest MonPol decision, May JGB buying
programming & initial US GDP estimate all due.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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