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May 27 - 07:55 AM

USD/JPY - Heading Lower But Importer Bids To Slow Descent

By Peter Stoneham  —  May 27 - 05:45 AM
  • USD/JPY remains offered and slips from Thursday 127.58 EBS high

  • Japanese importer bids likely to slow the fall below 126.50

  • Touted Japanese offers look to have the measure of any up-ticks

  • Huge option expiries noted: 126.98-05 (1.46BLN) and 127.70-75 (1.44BLN)

  • UST yields trying to base: 10s at the 50-day moving average, 2.7305%

  • Dollar set for worst week in four-months as Fed hike spec fever cools

  • Some fears Fed might pause its tightening cycle in the second half of 2022

    For more click on FXBUZ







USD/JPY daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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