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Derived real-time data in partnership with:
Thomson Reuters
May 30 - 08:36 PM
USD/JPY - Risk Bounce, But Month End Flow To Dominate
First appeared on eFXplus on May 30 - 06:35 PM
  • Fraction softer pre Tokyo - closed +0.15% - risk/JPY crosses sharply higher
  • Wall Street & UST yields bounced as Italy paused for breath & oil bounced
  • IP leads JP data - poll - 1.2% - unlikely to have significant impact
  • Horizontal 109.75 Tenkan & Kijun lines do not support a trending move
  • 107.97, 50% Mar/May rise first significant support - month end flows to lead
  • London 108.55 low & NY 109.07 high sup/res - 108.90-109.00 1BLN strikes

jpy may 31 Click here

Source:
Thomson Reuters IFR Markets

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