Source: Thomson Reuters
- USD/JPY 120.84 low caromed off Apr's high. US Claims good enough
- 2-yr USD-JPY yield spreads underpin; 10-yr spread drop partly on Japan Treasury buying
- 121.50 option defense, with stops mixed with offers above to 122.04 trend high
- Weekly Flows show tln of Japanese buying foreign bonds
- N225 highest since '00 today; BOJ digesting better data into 2-day meeting
- US May Markit PMI, regional Fed indices & Existing Homes ahead


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NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95
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AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115 



