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JPY crosses are extending on Wednesday's sell...>

YEN
YEN: JPY crosses are extending on Wednesday's sell off in early in Asia-Pacific
dealing. 
- Questions re: the US-North Korea summit continue to do the rounds, with a
North Korean foreign ministry representative noting that he will suggest
reconsidering the summit, although he did note that the future of the summit is
entirely down to Washington.
- Elsewhere trade war worries continue to headline, with US President Trump
instructing Commerce Secretary Ross "to consider initiating a Section 232
investigation into imports of automobiles, including trucks, and automotive
parts to determine their effects on America's national security."
- USDJPY trades 40 pips or so softer at 109.70, EURJPY deals 35 pips lower at
128.40 while AUDJPY sits 30 pips or so lower at 82.90.
- USDJPY support comes in at yesterday's low of 109.53, followed by the May 11
low of 109.13. EURJPY support lies at the YtD low of 128.22. AUDJPY's hourly
support from May 23 lies at 82.81, followed by the 55-DMA at 82.52.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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