Intraday news and views – USD/JPY
|Intraday market moving news and views
Update Time: 19 May 2022 05:30GMT.
USD/JPY outlook - 128.90
Although dlr's cross-inspired sharp fall from 129. 77 (Tuesday) to 128.02 in New York on safe-haven yen buying, then 127.90 today suggests correction from last wk's 127.53 bottom has ended, intra-day rally would bring choppy swings and may yield 129.06, break, 129.30/34.
Stand aside as below 128.35/40 needed to signal top n bring weakness to 128.00/10 later.
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