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Jun 17 - 04:55 PM

USD/JPY - Inches Lower, Yen Favored As Risk-Hedge, Treasury Yields Dip

By Randolph Donney  —  Jun 17 - 02:55 PM
  • USD/JPY dipping into the upper end of 106.45-7.21 daily cloud

  • Prices drifting back toward Monday's 107.00 EBS session low

  • Modest drop in Treasuries as Powell cooing to Congress weighs

  • Tiny range, but first day with lower high and low since May 11 nadir

  • Risk markets a bit more circumspect after big U.S. data beats digested

  • U.S. claims tomorrow, along with Philly Fed for June

  • Japan's trade data lousy, particularly with U.S. nL4N2DP11C

  • 107.00-83 range likely short-term nL1N2DU0V0

  • Sub-107 close puts cloud base in play, May low at 105.985 EBS

  • AUD/JPY at key tech juncture heading into Aussie jobs report nL1N2DU1EB

  • For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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