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Dec 22 - 03:55 AM

USD/JPY - FX Traders Have Been Steadily Buying USD/JPY Since Monday

By Martin Miller  —  Dec 22 - 02:51 AM
  • A rise in risk appetite usually sees funds flow out of the safe-haven yen

  • EBS flow data shows steady USD/JPY buying since Monday's NY session

  • USD/JPY has seen a 113.95-114.20 range on Wednesday, according to EBS prices

  • Talk Japanese exporter offers trail up, while importers bids now sub-114.00

  • Downside limited by daily cloud, now spanning 112.04-113.85, through Dec

  • EUR/JPY's 30-day correlation with USD/JPY above +0.5: moving in lockstep

EBS Flow Data Chart: Click here

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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