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Jul 04 - 06:55 AM

USD/JPY - Trading In Thin Market Conditions Into U.S. Holiday

By Martin Miller  —  Jul 04 - 04:45 AM
  • Dollar likely to climb versus yen the daily chart shows nL1N2YK0GX

  • Friday's 135.99 high is vulnerable to an eventual retest

  • It has seen a 134.80-135.51 range, on Monday, according to EBS data

  • Thin trading conditions in London as U.S. July 4 holiday dampens activity

  • Energy shares boost European equities ahead of inflation data nL4N2YL192

  • In times of risk appetite, funds usually flow out of the safe-haven yen

  • EUR/JPY's 30/60-day long correlations with USD/JPY well above +0.50

  • The two currency pairs close in the same direction more often than not

Source:
Refinitiv IFR Research/Market Commentary

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