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Thomson Reuters
Jun 12 - 08:36 AM
USD/JPY - , Sold In Ldn After US-NK Summit, Vulnerable To Squeeze
First appeared on eFXplus on Jun 12 - 06:15 AM
  • USD/JPY selling in late Asia, throughout Ldn could see short squeeze from NY
  • Few details on how NK denuclearisation will be achieved weighs on USD/JPY
  • USD/JPY rose from 110.00 to hit 110.49 in Asia, ahead of the easing in Ldn
  • Bulls had earlier leapt over 200-DMA to focus on key Fibo nL1N1TE07V
  • Japanese exporter offers said to be in size at 110.50 and above
  • Widening UST-JGB spread underpin USD/JPY bulls ahead of Fed nL1N1TE09G

USD/JPY EBS Chart: Click here

Source:
Thomson Reuters IFR Markets

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