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Jul 13 - 05:55 AM

USD/JPY - Vulnerable To U.S. CPI Surprises Either Side

By Martin Miller  —  Jul 13 - 04:07 AM
  • Considerable downside dollar risk remains nL1N2ON0HS

  • U.S. CPI surprises either side can move USD nL1N2OP0FV

  • USD/JPY's outlook is mixed after last Thursday's "bear trap" nL1N2OP0EE

  • Talk of Japanese exporter offers near 110.50, under tenkan line at 110.60

  • USD/JPY has seen a 110.29-110.44 range on Tuesday, according to EBS prices

  • USD/JPY and EUR/JPY positive relationship strong, 30-day correlation +0.54

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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