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USD/JPY remains bearish

  • Technical outlook stays bearish; spot front end riskies bid downwards

  • Modest offers seen up to 120.60

  • Bids seen at 119.75; stops clustered under 119.60

  • Market weighed by hourly supply at the end of Fri

  • 5year UST/JGB yield spread in tight range; 30-day log correlation +0.67

 

  • Market Data
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