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Jun 19 - 06:55 AM

USD/JPY - Stocks Rise, But USD/JPY Still Under A Cloud

By Martin Miller  —  Jun 19 - 04:35 AM
  • USD/JPY has seen a 106.79-107.06 range so far, according to EBS prices

  • Nikkei edged higher as domestic travel restrictions eases nL4N2DW1NN

  • Daily cloud top has dropped to 107.09 on Friday, providing some supply

  • If USD/JPY breaks under 106.45 cloud base, expect a big drop nL1N2DW07E

  • A strategy to insure against a second coronavirus wave nL1N2DV0DM

  • EUR/JPY 30/60-day correlations with USD/JPY are strong, readings +0.67/+0.54

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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