Intraday news and views – USD/JPY

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Intraday market moving news and views

Update Time: 30 Jun 2022 05:30GMT.

Intraday USD/JPY outlook - 136.22

Dlr's intra-day firm break of yesterday's New York low at 136.35 due to cross-buying in yen and falling U.S. yields suggests recent uptrend has made a temporary top at Wednesday's fresh 24-year peak at 136.99 and stronger retracement to 135.95 is seen, below, 135.79.

Turn cautious seller on recovery for this move as only above 136.81 (Asian high) risks 136.95/99.

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