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Jun 20 - 06:55 AM

USD/JPY - Stuck, Cannot Break Free From The Daily Cloud

By Refinitiv  —  Jun 20 - 05:02 AM

• Nikkei ends lower as uncertainties in M. East conflict weigh

• Japan core infl. hits 2-year high, keeps rate-hike bets alive

• USD/JPY has seen a narrow 145.13-55 range, on Friday, EBS data shows

• Spot traded above the cloud for 1st time since Feb on Thursday

• But it failed to close above the cloud, something bulls need

• The daily cloud currently spans the 144.89-145.55 region

• 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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