• USDJPY is still bouncing of its lows after it fell close to 100 pips post ISM data, and not a very good day on the Data front for the US, with ADP, IJC, factory orders and ISM all missing consensus.
  • Nonetheless, price action is still more likely some Positioning and Squaring, since Yields are still testing new lows in the US, with the US Bank Holiday in mind for Investors and Market participants as we head into the later part of the European session.

CROSS ASSET: USDJPY recovers from its lows.

Last updated at:Jul-03 14:58By: Fabrice Ben Hassine
  • USDJPY is still bouncing of its lows after it fell close to 100 pips post ISM data, and not a very good day on the Data front for the US, with ADP, IJC, factory orders and ISM all missing consensus.
  • Nonetheless, price action is still more likely some Positioning and Squaring, since Yields are still testing new lows in the US, with the US Bank Holiday in mind for Investors and Market participants as we head into the later part of the European session.

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