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May 27 - 03:55 PM

USD/JPY - Bides Its Time After Correction, Eyes Next Week's Fed Movers

By Randolph Donney  —  May 27 - 01:50 PM

  • USD/JPY grinded away from 126.675 lows with risk-on, Tsy ylds little changed

  • Strong US personal income met with ebbing PCE, income and savings drop

  • Pair stuck inside Tuesday's 126.37-8.085 range on EBS nL2N2XJ0UL

  • The 126.37 correction low held above weekly tenkan & 50% Fibo at 126.32

  • May have to wait for more US data Wed-Fri that's capped by NFP on June 3

  • Close above the daily kijun at 128.86 needed to retest April-May double-top

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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