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Refinitiv
Jun 25 - 07:55 AM

USD/JPY - Edges Above The Daily Cloud Top As Ceasefire Buoys

By Refinitiv  —  Jun 25 - 06:27 AM

• Dollar steady as ceasefire buoys confidence

• Nikkei ends at over 4-month high

• When risk appetite rises, funds usually flow out of the safe-haven yen

• USD/JPY has risen from 144.63 to 145.67, on Wednesday, EBS data shows

• A daily close back above cloud, 145.12-55, would be bullish

• 30, 60-day log correlations between USD/JPY, EUR/JPY remains high

Daily Chart:


Correlation Chart:


Source:
London Stock Exchange Group | Thomson Reuters

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