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Jun 20 - 11:00 PM
USD/JPY - Soft PMIs And UST Yields, But 107.27 Is Resilient
First appeared on eFXplus on Jun 20 - 09:10 PM
  • +0.05% in Tokyo with E-mini S&P -0.1% and 2yr UST yields off 2bp to 1.756%
  • Inflation broadly on expectations nL4N23R046, weak PMIs nS7N1VL00W
  • Data suggests that the BoJ will be looking at ways to spur the economy
  • 107.00-05 1.255BLN, 107.25 605M, 107.50 1BLN and 107.70-75 2.7BLN strikes
  • Horizontal Tenkan & Kijun lines do not suggest a trending move
  • 107.27, 61.8% of 2019 rise is proving resilient, break targets 106.05 76.4%

jpy jun 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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