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TDUX
May 03 - 10:55 PM

USD/JPY - USD/SGD Stays Bid, Keeping Close Tabs On Firmer USD/JPY

By Ewen Chew  —  May 03 - 10:03 PM

• USD/SGD stays bid, last 1.2733, but still lower vs Fri close 1.2739

• Could keep clear from Bollinger downtrend channel at 1.2715

• Tracking closely USD/JPY, which is firming up to 157.07 from 156.60

• Following Japan's yen intervention, cautious yen-selling has resumed

• But risk-on in Asia stocks helps to keep a lid on most USD/AXJ

• STI +0.7% while Hang Seng +1.9%; Japan, China markets closed Mon
SGD


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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