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Jun 25 - 04:55 PM

USD/JPY - Dips After U.S. Retail Sales Miss, Finds Support At 10-DMA By 107.06

By Paul Spirgel  —  Jun 25 - 02:55 PM
  • USD/JPY ends NorAm +0.17% at 107.23; NY range 107.45-13

  • Pair off early gains after US claims data were higher than f/c nL1N2E12QD

  • Yen still vulnerable, tempers dollar rise after US claims miss nL1N2E219T

  • USD/JPY trades w/in 10-DMA (107.06)-55-DMA (107.44) range

  • Pair elevated as yen haven flows unwind amid rising Tokyo COVID cases

  • Increase in global COVID cases may stir return to haven yen buying

  • Support firm at 106.08 the Jun 24 low & 105.99 May 6 low; below sets pair on path for retrace to 101.18 low Mar 9

  • For more click on FXBUZ

JPY Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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