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EURCZK Trading At The Low of Its 2W Range

DOLLAR-YEN
DOLLAR-YEN: USD/JPY oscillated for the better part of Wednesday, as familiar
risk signals were assessed. That said, the rate slid in U.S. hours amid concerns
over the resurgence of the novel coronavirus, with U.S. equity indices giving up
earlier gains.
- The Nikkei reported that the gov't will lift its economic assessment in its
June report.
- USD/JPY last sits at Y106.99, little changed on the day. Bulls look to take
out Jun 16 high of Y107.64 before targeting Jun 9 high of Y108.54. Bears need a
fall the trough of Jun 11 at Y106.58 before taking aim at May 11 low of Y106.40.
- Looking ahead, Japan's CPI comes out on Friday.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com