Dear traders,

The USD/JPY settled higher at 113.06 but spent the week ranging between December bounds. The weaker-than-expected US jobs report released on Friday triggered a pullback from a daily high of 113.29, but rising Treasury yields and stocks, these last, rallying to record highs, kept the downside in check. The pair can open the week with a gap, amid words from PM Abe during the weekend, as he called on central bank governor Kuroda to keep up efforts to reflate the economy, but added that he has yet not decided on reappointing Kuroda for another five-year term.

Good trading!
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