By Refinitiv — Jun 23 - 06:26 AM
• Yen sinks as spike in crude oil overpowers safe-haven appeal
• USD/JPY has surged, on Monday, to 147.95 from 146.00, according to EBS data
• so far spot is limited ahead of the 148.00 psychological level
• Bullish as market trade above the daily cloud, that now spans 144.91-145.55
• Watch for a close above 147.11, 76.4% of 148.65-142.11 drop
• 30, 60-day log correlations between USD/JPY, EUR/JPY remains high
Correlation Chart:
Source:
London Stock Exchange Group | Thomson Reuters
