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Weekend remarks from Treasury............>

DOLLAR-YEN
DOLLAR-YEN: Weekend remarks from Treasury Secretary Mnuchin that said the US
will the China tariffs on hold, supported overnight. The firm tone spilled over
into Europe with a move to extended session highs of Y111.37. The Jan18 high
provides next resistance at Y111.48, ahead of Y111.88 (Jan11 high). The DXY sits
at fresh YTD highs of 93.89 and will target a break of the 94 area, next
resistance is seen at 94.21 (Dec12 high). Very quiet on the calendar today as
markets look to central bank speak via ECB's Nowotny & Fed's Bostic, Harker &
Kashkari.
Option-expiries: Y109.65($393mln), Y109.80($535mln), Y110.00($546mn).  

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