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USD/JPY heavy short-term

  • USD/JPY technical outlook stays bullish

  • Stops clustered above the 122.04 area

  • Weighed by latest dip below 121.31 pivot point in the short-term

  • 5/10 year UST/JGB yield spreads correlation with spot +0.72/+0.65

  • 5/10 year UST/JGB yield spreads have both widened

 

  • Market Data
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