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Refinitiv
Jul 05 - 07:55 AM

USD/JPY - Suffers A Setback In London, After A Good Start In Asia

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

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