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USDJPY eye next MNI resistance

JPY
  • USDJPY eye resistance here noted at 109.23 50.0% retracement of the Mar 31 - Apr 23 sell-off .
  • This is all US yield led, as Treasuries got dragged lower by the Germany, after short term long positioned for Month end tomorrow, bail out.
  • France re opening in stages from May 3rd is putting the hope of a Summer boom back on the table,.
  • The move in Bund has helped US yields higher

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