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Jun 28 - 05:55 AM

USD/JPY - Downside Limited, Focus Shifting To U.S. Jobs Data

By Martin Miller  —  Jun 28 - 05:04 AM
  • Market focus shifting towards key U.S. payrolls data due on Friday

  • Some dollar shorts recently ran for the hills nL2N2O90HR

  • USD/JPY bullish nL2N2OA08X. Good sized 1.4B NY cut option 110.50 expiry

  • Spot has seen a 110.62-110.88 range, according to prices on the EBS

  • Talk of good sized bids from 110.50 and below. Offers ahead of 111.00

  • USD/JPY, EUR/JPY 30-day log correlation under +0.5, weak relationship

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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