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USD/JPY sees an initial low of 121.05 on selling interest into the Tokyo fix

Buyers were lying in wait to get long, causing a bounce to 121.21 Japan May flash manufacturing PMI 50.9 from 49.9 April, USD/JPY unaffected No reaction to slightly soft HSBC China flash PMI at 49.1 vs 49.3 expected

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  • Buyers were lying in wait to get long, causing a bounce to 121.21

  • Japan May flash manufacturing PMI 50.9 from 49.9 April, USD/JPY unaffected

  • No reaction to slightly soft HSBC China flash PMI at 49.1 vs 49.3 expected

 

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