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Thomson Reuters
May 31 - 12:12 PM
USD/JPY - U.S. Metals Sanctions Drive USD/JPY Toward Key Props
First appeared on eFXplus on May 31 - 10:10 AM
  • USD/JPY sliding as US confirms metals tariffs on allies nW1N1HS03V
  • Converged 55- & 100-DMAs at 108.15 by 108.11 May low in prospect
  • Talk of stops below 108. Cloud top 107.63 on NFPs Friday
  • USD/JPY has performed poorly shortly after recent US jobs reports
  • US personals data skewed by energy prices, saving rate just 2.8%

Chart: Click here

Chart: Click here

Source:
Thomson Reuters IFR Markets

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