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May 13 - 03:48 AM

USD/JPY - FX Traders Shrug Off 'second Wave' Virus Fears: USD/JPY Bid

By Martin Miller  —  May 12 - 03:40 AM
  • USD/JPY dropped from 107.68 to 107.35 in Asia, according to EBS prices

  • It fell due to 'second wave' virus fears fuelled rush to safety nL4N2CU1CV

  • Recovered in Europe. USD/JPY odds grow for gains to the 200-DMA nL1N2CU0C1

  • 200-DMA is currently at 108.27. Japanese exporter offers in size circa 108

  • Those short dollar versus yen face a tough week nL1N2CS08I

  • EUR/JPY's 30-day correlation with USD/JPY remains under +0.5 (weak)

  • EUR/USD in danger until 30-DMA, at 1.0866, is overcome nL1N2CU0AJ

Daily Bollinger Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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