By Martin Miller — Jan 13 - 04:36 AM
• Uncertainty encourages repatriation, choppy in Asia
• Stocks tumble as traders cast doubt on 2025 rate cut
• In times of uncertainty, funds usually flow into the safe-haven yen
• USD/JPY has dropped from 157.96 to 157.17, on Monday, EBS data shows
• Recall it peaked at 158.88, on Friday, the highest level since July
• USD/JPY's technical bias remains on the upside, however
• 30 and 60-day correlations between USD/JPY and EUR/JPY remains above +0.50
Daily Chart:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters