With Japan off for a national holiday,...>

DOLLAR-YEN: With Japan off for a national holiday, USD/JPY last sits +15 pips at

Y109.60. Over the weekend, Japanese PM Abe told NHK that he is "not really

thinking of" staying on as the leader of the ruling Liberal Democratic Party

beyond his current term, which ends in September 2021. The LDP would have to

change its internal rules, should he change his mind.

- Friday saw the rate edge higher in the lead-up to the U.S. NFP report, but

disappointments there applied fresh weight. After failing to break above the

Y109.68-73 resistance zone, USD/JPY slipped into negative territory and finished

the day slightly below neutral levels.

- A firm rally above the aforementioned resistance zone would give bulls the

upper hand, drawing their attention to the May 30 2019 high of Y109.93. Bears

look for a retreat below the Jan 9 low/50-DMA at Y109.02/01.

- Japanese highlights this week include BoP data (Tuesday), PPI & core machine

orders (Thursday). Eco Watchers Survey comes out on Tursday, BoJ Gov Kuroda

speaks on Wednesday.