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USD/JPY better bid, broad USD strength, early low 119.40, and high 119.89

  • Ichimoku cloud 119.34-76, kijun 119.67, tenkan 119.50, all accommodating

  • Recent range 118.50 (4/30)-120.84 (4/13), modest to suggest break-out

  • Japanese officials seen happy with current FX levels, BoJ policy

 

  • Market Data
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