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May 13 - 06:12 PM

USD/JPY - Rally Falters As Risk Mood Turns Decisively Gloomy

By Krishna K  —  May 12 - 06:45 PM
  • USD/JPY backs away from higher end of well established 106.00-108.00 range

  • Risk-aversion takes hold on warnings on premature lifting of lockdowns

  • Haven JPY gains as fears of 2nd virus wave hits Wall Street nL1N2CU12C

  • Simmering U.S.-China tensions add to negative risk mood nL1N2CU0WQ

  • Trump Senate ally seeks China sanctions over COVID-19 probe nL1N2CU270

  • E-Minis extend losses in Asia down 0.4%; Fed Powell speech later Wed eyed

  • Support 107.00-10, 106.80-85, resistance 107.40-45, 107.60-70


G3 central bank balance sheets IMAGE: Click here

Source:
Refinitiv IFR Research/Market Commentary

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