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With Japanese markets still closed for...>

DOLLAR-YEN
DOLLAR-YEN: With Japanese markets still closed for the Golden Week holidays, JPY
landed at the bottom of the G10 pile overnight, as reports suggesting that
Sino-U.S. trade talks are nearing conclusion lent a degree of support to the
broader risk sentiment.
- USD/JPY last seen at Y111.55, 16 pips higher on the day.
- The 21-DMA at Y111.71 provides the initial layer of resistance and a clean
topside breach here would bring the psychological Y112.00 level into play.
Meanwhile, bears look for a dip back below the 200-DMA, situated at Y111.51,
before challenging Y111.37, which represents the 50-DMA.

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