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May 03 - 07:55 AM

USD/JPY - Risks On The Upside As FX Traders Face A Busy Data Week

By Martin Miller  —  May 03 - 06:02 AM
  • Dollar shorts at risk in a busy data week nL1N2MQ08X

  • USD/JPY on course to break key Fibo resistance above 110.00 nL1N2MP0HB

  • USD/JPY has seen a 109.28 to 109.69, Asia to Europe, Monday EBS rise

  • Trading has been thinned by holidays in Japan, China and Britain

  • USD/JPY, EUR/JPY 30-day log correlation under +0.5, weak relationship

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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