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Jun 18 - 05:55 AM

USD/JPY - Limited By The Daily Cloud As Fed Decision Looms

By Refinitiv  —  Jun 18 - 04:53 AM

• Jittery markets await Fed as Mideast conflict rages on

• BOJ's inflation warning leaves room for another hike this year

• USD/JPY has seen a 144.86-145.44 region, on Wednesday, EBS data shows

• Upside limited by the cloud, but a close above would be bullish

• The daily cloud currently spans the 144.89-145.55 region

• 30, 60-day log correlations between USD/JPY, EUR/JPY remains high

• Japan's exports post first drop in 8 months, US tariffs bite

Daily Chart:


Correlation Chart:


Source:
London Stock Exchange Group | Thomson Reuters

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