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Jul 08 - 06:55 AM

USD/JPY - And Equity Markets Have Taken A Big Hit

By Martin Miller  —  Jul 08 - 04:47 AM
  • FX traders pile into the yen as uncertainty grows

  • State of emergency for Tokyo will last through August 22 nL5N2OK1F3

  • European stocks caught in global selloff on recovery concerns nL3N2OK1OD

  • USD/JPY dropped from 110.65 in Asia to 109.76 in London, on the EBS

  • It has collapsed under kijun line and breaks key Fibo: bearish nL2N2OK0FI

  • USD/JPY and EUR/JPY positive relationship strong, 30-day correlation +0.55

EBS Flow Data Chart: Click here

Refinitiv IFR Research/Market Commentary


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