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Derived real-time data in partnership with:
Thomson Reuters
Jul 02 - 12:12 AM
USD/JPY - Tops 111.00, Some Stops Tripped
First appeared on eFXplus on Jul 01 - 09:35 PM

  • USD/JPY through 111.00, possible large shortage at Tokyo fix.
  • From early Asia 110.50 low, through 111.00 to 111.07 so far, still buoyant.
  • Break back above 111.00 targets test of 111.39 high May 21.
  • Large option expiries between 110.90-111.00 (USD1.26 bln) magnet for now.
  • Japanese exporter offers to trail higher, business good, 105 assumed rate.
  • Aside from flows, little reason to buy USD - Nikkei soft, US yields steady.

USD/JPY: Click here

Source:
Thomson Reuters IFR Markets

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