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USDJPY - Neutral

May 30, 2021

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USDJPY - Neutral by KQMarkets on TradingView.com

Commentary

We hold a neutral view on USDJPY as despite the recent increases risk appetite there is significant US dollar weakness due to FED rate cuts and stimulus.

Therefore at this stage we don't have a directional view as we await significant price action and the currency pair to breach either resistance at 108.8 or support at 106.06.

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