By Refinitiv — Jun 19 - 07:44 AM
• USD/JPY has risen from 144.75 to 145.77, on Thursday, EBS data shows
• Dollar has the potential to stage a bigger recovery, generally
• Spot has broken above the cloud, that currently spans 144.89-145.55 region
• However, the latest break above the cloud could be a trap
• Those that are bullish USD/JPY need a Thursday close above the cloud top
• 30, 60-day log correlations between USD/JPY, EUR/JPY remains high
Daily Chart:
Source:
London Stock Exchange Group | Thomson Reuters
