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Jun 09 - 08:55 PM

USD/JPY - Lower With Stocks And US Yields

By Krishna K  —  Jun 09 - 06:55 PM
  • USD/JPY remains on defensive after sharp rejection from 109.85 Friday high

  • Risk mood turns cautious ahead of Fed Wed; stocks pare gains, U.S yields dip

  • Japan traders gird for Fed to anchor yields, clip dollar's wingsnL4N2DM0CB

  • Cited as active USD sellers as they guard against possibility of Fed YCC

  • Profit taking on JPY crosses weighs on USD; AUD/JPY drops 3% from Mon peak

  • Support 107.40-50, 106.90-107.00, resistance 108.20-25, 108.55-60

The dot plot: Click here

Source:
Refinitiv IFR Research/Market Commentary

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