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Jun 23 - 07:55 PM

USD/JPY - Bears Win The Day After Whipsaw Moves

By Krishna K  —  Jun 23 - 06:25 PM
  • USD/JPY opens 0.35% lower after trading a choppy 107.22-106.075 range Tues

  • USD sold broadly despite buoyant risk sentiment, rising global stocks

  • Navarro China trade comment fiasco raises unease with U.S. administration

  • JPY preferred as safe haven but nears higher end of its 106.00-110.00 band

  • A daily close below 105.90 required for a move to 105.00.20

  • Resistance 106.70-80, 107.10-20


BOJ's stock ETF buying: Click here

Source:
Refinitiv IFR Research/Market Commentary

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