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May 06 - 07:55 AM

USD/JPY's Upside Pressure Continues To Build

By Martin Miller  —  May 06 - 05:35 AM
  • USD usually gains in May, the U.S. economy could be key nL1N2MR0H9

  • BOJ policymakers agreed to keep low rates as pandemic persists nL4N2MT056

  • Japanese shares end higher on cyclicals boost nL4N2MT1QV

  • In times of risk appetite, funds tend to flow out of the safe-haven yen

  • USD/JPY looks set to gain with the thickening and rising cloud nL1N2MT0FY

  • USD/JPY has seen a tight 109.14-109.42 range according to EBS prices

  • USD/JPY, EUR/JPY 30-day log correlation under +0.5, weak relationship

EBS Flow Data Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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