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Thomson Reuters
May 08 - 02:36 AM
USD/JPY - Back Up On 109 But Upside Limited
First appeared on eFXplus on May 08 - 01:15 AM
  • USD/JPY in 108.86-109.14 range in Asia, going nowhere.
  • Back on 109 handle but upside seen limited, offers from 109.35.
  • Offers trail up, large at 109.60-70, Japanese exporters in mix.
  • US yields steady, Nikkei up some, both supportive.
  • Option expirations today - 109.00 USD420 mln, 110.25 1.2 bln.
  • No bias either way, many awaiting news on US-Iran, other concerns too.

Source:
Thomson Reuters IFR Markets

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