By Martin Miller — Jun 13 - 03:31 AM
• USD/JPY remains vulnerable due to a number of factors
• Stocks tumble, oil soars as Israel's strike on Iran jolts mkts
• In times of uncertainty, funds usually flow into the safe-haven yen
• USD/JPY dropped to 142.80, in Asia, then subsequently rebounded to 143.88
• Note spot closed back below the cloud, currently spans 144.08-145.59 region
• 30, 60-day log correlations between USD/JPY, EUR/JPY high are high
Daily Chart:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
