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May 02 - 07:55 PM

USD/JPY - Rally Gains Momentum On Strong U.S. Economic Data

By Krishna K  —  May 02 - 06:10 PM
  • USD/JPY starts week on confident note after closing above key resistance Fri

  • Supported by upbeat U.S. data & optimism on strong U.S. economic recovery

  • Traders await key U.S. data this week; April NFP, factory data and PMIs due

  • Likely to give U.S. yields & USD another lift on economic out-performance

  • Treasury's Yellen tamps down inflation fears over Biden plan nL1N2MP07E

  • Japan markets closed Mon-Wed; resistance 109.60-70, support 108.70-80

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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