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Jun 23 - 08:36 PM
USD/JPY - Decline Starts To Slow; Gulf Tensions, G20 In Focus
First appeared on eFXplus on Jun 23 - 06:45 PM
  • USD/JPY consolidates after last week's relatively sharp 1.4% decline
  • Rising bets on US rate cuts weigh, Fed paves way for easing
  • Undermined by Gulf tensions as Iran warns of risk of conflict nL8N23U0DJ
  • U.S.-China tensions simmer, Trump-Xi meeting eyed
  • Daily close below 107.27, 61.8% of Jan-April rise opens ratchet to 106.00-05
  • Minor support 106.60-70, cluster of lows in April 2018; resistance 107.80-90

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Source:
Refinitiv IFR Research/Market Commentary

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