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USD/JPY Sales Pick Up Headed Through to the WMR Fix

  • USDJPY selling pressure picking up through to the London WMR fix, with USD/JPY shedding an impressive 60 pips or so over the past 30 minutes.
  • Activity and volumes have picked up to match the price action, with the best volumes of the day crossing in the past 20 minutes.
  • This puts the pair through the Monday low at 131.52 and weakness through 131.20 would close the Friday gap.
  • Few headlines or news drivers behind the move, but does coincide with a broader risk-off, as gold gains, the USD ebbs lower and the e-mini S&P heads back toward session lows.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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