By Martin Miller — Jul 27 - 04:25 AM
USD/JPY has seen a 136.81-137.15 range on Wednesday, according to EBS data
Bulls building after finding support ahead of 135.44 Fibo nL1N2Z80F3
Dollar has entered the Federal Reserve storm nL1N2Z70LH
Fed: 75 bps is priced in, 13% chance of a 100 bps raise FEDWATCH
Strong results boost European shares ahead of Fed meeting nL4N2Z81KV
In times of risk appetite, funds usually flow out of the safe-haven yen
EUR/JPY's 30/60-day log correlations with USD/JPY are well above +0.50
Two currency pairs close in the same direction more often than not
Source:
Refinitiv IFR Research/Market Commentary