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Thomson Reuters
May 28 - 06:12 AM
USD/JPY - FX Traders Quietly Exit USD/JPY While Japan Pressured By Trump
First appeared on eFXplus on May 28 - 04:10 AM
  • EBS flow data shows FX traders are exiting USD/JPY since start of the week
  • USD/JPY has seen a 109.35-109.63 range on Tuesday, according to EBS prices
  • Yen in a holding pattern as Pres. Trump puts pressure on Tokyo nL4N2340NB
  • Spot needs a sub key tech level close to accelerate lower
  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are +0.70/+0.66
  • Trump visit leaves Japan still facing trade pressure nL4N23409L

EBS Flow Data Chart: Click here

Source:
Thomson Reuters IFR Markets

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