Trial now

Holding Onto Recent Gains


Fresh Trend Low


Two Cases Of Omicron Strain Detected

DOLLAR-YEN: USD/JPY recovered its earlier losses into Monday's London morning
and was range-bound through the rest of the day, as both sides of the pair were
pressured by renewed risk appetite.
- The rate has edged higher this morning, as the risk-on feel has carried over
into Tokyo trade. It sits +9 pips at Y107.43. A break above the 50-DMA at
Y106.56, which capped gains on Monday, would turn focus to Jun 10 high of
Y107.87. On the flip side, a fall below Jun 11 low of Y106.58 would bring May
6/7 lows of Y105.99 into view.
- As a reminder, the BoJ will deliver its MonPol decision later today. We have
published our usual preview, which can be accessed via the link below.
- Looking ahead, Japan reports its trade balance on Weds, CPI hits on Friday.
MNI London Bureau | +44 203-865-3806 |
MNI London Bureau | +44 203-865-3806 |