Vaccine Passports In The Making

USD/JPY has held a tight range so far. Broader news flow from over the weekend, headlined by comments from U.S. Tsy Sec Yellen & G7 agreement re: minimum corporate tax rate, has failed to elicit any price reaction. The pair last trades at Y109.56, a handful of pips better off.

• Bulls see Friday's high of Y110.33 as their initial target and a breach of that level would open up Apr 6 high of Y110.55. On the flip side, a fall through Jun 1 low of Y109.33 would expose May 25 low of Y108.56.
• The Nikkei reported that Japan wants to introduce Covid-19 vaccine passports. The newspaper suggested that some gov't off'ls have already used vaccine certificates during their foreign visits.
• BoJ Dep Gov Amamiya will speak at a financial seminar hosted by the Nikkei this evening.
• Japanese data releases pick up on Tuesday, with final Q1 GDP report, monthly BoP current account balance, earnings data & Eco Watchers Survey. Looking further afield, flash machine tool orders come out Wednesday, with BSI Survey due Friday.