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Thomson Reuters
May 09 - 07:24 AM
USD/JPY - Boosted By Recruit M&A, Bulls Eye Big Levels
First appeared on eFXplus on May 09 - 05:10 AM
  • USD/JPY was bid due to Tokyo fix and flows related to the Recruit M&A news
  • Posted eleventh biggest one-hour rise of 2018 in hour before Recruit news
  • Decent USD/JPY rise in the hour that the news broke on Reuters News
  • Bulls have legs for further gains, eye 200-DMA and key Fibo nL1N1SG082
  • Widening 10-yr UST-JGB yield spreads also underpinning USD/JPY
  • Japan's Recruit to buy Glassdoor for USD 1.2 bln nL3N1SG16X

10yr UST-JGB vs USD/JPY Chart: Click here

Biggest Hourly Rises of 2018 Table: Click here

Source:
Thomson Reuters IFR Markets

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