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Thomson Reuters
May 23 - 08:36 AM
USD/JPY - FX Traders Accelerate USD/JPY Sales In London, Yen In Demand
First appeared on eFXplus on May 23 - 06:35 AM
  • USD/JPY falls from 110.36 high in Asia, to break 110.00, to hit 109.99
  • Heavy net sales of USD/JPY in London, according to EBS flow data
  • USD/JPY bulls are being blocked by a key Fibo, daily cloud base
  • Recall 110.67 was this week's peak, it was posted on Tuesday
  • Yen sought as trade woes, Brexit concerns shake confidence nL4N22Z0PK
  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are +0.71/+0.65

USD/JPY EBS Flow Data Chart: Click here

Source:
Thomson Reuters IFR Markets

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