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USD/JPY has registered a low of..........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has registered a low of Y109.34 on the back of the broader
risk off flows post-China Caixin manufacturing PMI. Rate last Y109.40, 34 pips
lower on the day. Bears are looking for a clean break below the Jun25/Jun26 lows
at Y109.37. Consolidation below here would open Y109.00, with any breach
shifting attention to the 2.0% 10-DMA envelope & lower Bollinger band (3%).
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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