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Falling USD-JPY yield spreads the main drag on USD/JPY

Source: Thomson Reuters


  • USD/JPY retests last Wed's 119.29 post-FOMC low, but limited bounce seen since

  • Falling USD-JPY yield spreads remain the main drag into US CPI release

  • Up Trend-Line off Jan-Feb lows at 119.22, will be at 119.29 Wed, adds to pivot point

  • Cloud, 100-DMA & lower Bolli are by 118.70 today

  • Weak China PMI & Fed's Williams weigh, stops below TrendLine and 119 along with GPIF-led bids

  • Market Data
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