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Thomson Reuters
Jun 11 - 08:36 PM
USD/JPY - Opens Asia Well Bid After Reversal Higher
First appeared on eFXplus on Jun 11 - 06:45 PM
  • USD/JPY found buyers around 109.20 for second day in a row before reversing
  • Resilient risk appetite and divergent central bank expectations underpins
  • USD/JPY likely to consolidate ahead of key event risks in next 72 hours
  • Trump/Kim summit in focus as risk taking investors hope for positive outcome
  • USD/JPY support at 109.20/25 and 55-day MA at 108.75
  • Resistance at 200-day MA at 110.19 and last week's 110.27 high

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