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Jul 28 - 05:55 AM

USD/JPY - Rise In Virus Cases Keeps A Kid On USD/JPY, Offers Said At 110

By Martin Miller  —  Jul 28 - 03:58 AM
  • N225 slips on Wall Street retreat, record virus cases in Tokyo nL1N2P40BY

  • When risk aversion rises, funds usually flow into the safe-haven yen

  • There is now talk of offers circa the 110.00 level

  • USD/JPY suffers a setback, but technical support props nL1N2P40DF

  • USD/JPY has seen a 109.75-95 range on Wednesday according EBS data

  • USD/JPY and EUR/JPY positive relationship grows, 30-day correlation +0.68

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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