By Martin Miller — Apr 26 - 06:10 AM
USD/JPY slipped from 128.23 to 127.35 Tuesday on EBS, before recovery moves
Japanese shares track Wall Street gains nL3N2WO19M, limits USD/JPY's fall
In times of risk appetite, funds usually flow out of the safe-haven yen
Daily chart bullish as key support limits USD/JPY's downside nL2N2WO0FI
Japan Fin Min denies reports of talks with U.S. on intervention nL2N2WO02T
Direct USD/JPY intervention unlikely, expect big gains nL2N2WO0JQ
USD/JPY's 30/60-day log correlations with EUR/JPY remains above +0.50
The two currency pairs close in the same direction more often than not
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary