By Catherine Tan — May 06 - 02:35 AM
USD/SGD stays firm into early London trades, steady DXY underpins
Rally in USD/JPY and USD/CNH keeps the USD well bid in Asia
USD/JPY may test 160 again as USD-Japan rate differentials underpin
No chance of US rate cut till Sept, at the earliest
USD/JPY last at 153.82-85, off 152.80 early Asian low
USD/SGD last at 1.3515-20, traded 1.3470-1.3525 range so far
Focus at 1.35550, break risks return to 1.3600
DXY holds firm above 105.0 handle, last at 105.16
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Source:
Refinitiv IFR Research/Market Commentary