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USDJPY experienced some demand heading in to....>

YEN: USDJPY experienced some demand heading in to the Tokyo fix which took the
cross to session highs of 107.00. Technicals aren't particularly bullish for the
pair, with the recovery from 2018 lows looking vulnerable with the failure ahead
of Y108.03-42 leaving the pair looking heavy. Bulls need a close above Y108.42
to hint at a correction back to Y110.47 and above Y109.78 to confirm.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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