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May 11 - 07:55 AM

USD/JPY - London Can't Get Enough Of USD/JPY, Scope Grows For A 135 Probe

By Martin Miller  —  May 11 - 05:55 AM
  • China's slowing inflation sends dollar higher nL1N3780MI

  • USD/JPY has risen from 133.90-134.85 on Thursday, EBS data shows

  • EBS flow data shows a pick up in USD/JPY buying in Thursday's London session

  • There is scope for a near-term overshoot to retest 135 psychological level

  • USD/JPY chart throws up conflicting signals, outlook mixed nL1N3780G7

  • EUR/JPY's 30/60-day log correlations are both high, well above +0.60

  • Progress in hitting price goal debated at Ueda's debut BOJ meet nL1N37800L

Refinitiv IFR Research/Market Commentary


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