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The JPY crosses have moved away from session....>

YEN
YEN: The JPY crosses have moved away from session lows following comments out of
North Korea, which suggested that the state is still more than willing to meet
with the US despite Trump calling of the summit that was scheduled for 12 June.
- USDJPY trades 35 pips higher on the session at 109.55 (40 pips off of the
lows), EURJPY is 35 pips or so better off at 128.40 (~50 pips off of lows) &
AUDJPY trades 20 pips better off at 82.98 (30 pips from lows).
- USDJPY bears will be looking for a close below 108.26, the pair's 100-DMA, to
confirm a deeper correction, while resistance can be found at the 21-DMA,
109.78.
- EURJPY support isn't noted until the August 2017 monthly low (127.54), while
the Bollinger Band at 128.65 provides the initial resistance.
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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