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May 17 - 08:36 PM

USD/JPY - Rallies Capped By Sombre Risk Mood; Japan GDP Eyed

By Krishna K  —  May 17 - 05:50 PM
  • USD/JPY trapped in 106.70-107.50 range within broader 106.00-108.00 band

  • 2nd virus wave threat, slew of bleak global economic data caps rallies

  • Rising U.S.-China trade & diplomatic tensions weighnL4N2CZ06AnW1N2C9011

  • Fed Powell's cautious tone on economic recovery to weigh on risknL1N2CZ03Z

  • Japan Q1 GDP Mon, expected to contract 1.2% as Japan slips into recession

  • Support 106.90-107.00, 106.65-75, resistance 107.40, 107.60-70


Japan high dividend shares: Click here

Source:
Refinitiv IFR Research/Market Commentary

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