By Martin Miller — Jul 05 - 06:25 AM
Gotobi Tokyo fix demand, bump back up in U.S. yields saw yen sales in Asia
Talk Japanese importers and offshore funds were the biggest USD/JPY buyers
Spot has dipped from 136.36 to 135.57, subsequently, according to EBS data
Daily chart points to a bigger gain to new multi-year highs nL1N2YL19T
EUR/JPY's 30/60-day long correlations with USD/JPY well above +0.50
The two currency pairs close in the same direction more often than not
Source:
Refinitiv IFR Research/Market Commentary