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May 24 - 11:00 PM

USD/JPY - Drifts Higher On Resilient Risk Appetite

By Krishna K  —  May 24 - 06:55 PM
  • USD/JPY creeps higher after yet another test of 107.30-35 holds on Friday

  • Lifted by resilient & buoyant Wall Street , virus vaccine hopesnL1N2D32N3

  • U.S. plans massive virus vaccine testing effort to meet year-end deadline

  • Sino-U.S tensions over Hong Kong, coronavirus capnL4N2D602FnL4N2D604O

  • Japan eyes fresh stimulus plan worth over $929 bln- Nikkei nL4N2D60CM

  • Asia trading likely to be quiet due to Singapore, U.S.& UK holiday Monday

  • Resistance 107.80-85, 108.00-08, support 107.30-35, 107.00-10


Japan's growing dependence on China trade: Click here

Source:
Refinitiv IFR Research/Market Commentary

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