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USD/JPY is under pressure and in 5 month lows


Monday, 24 June 2019 08:24 WIB

USD/JPY,


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In a tight range to start the week, USD/JPY is flat around 107.30 in Tokyo, up from 107.05 from Friday's business but below 107.75 highs. The yen has picked up a safe haven bid and flows out of the greenback following a switch to a new easing bias at the Federal Reserve is likely to keep the pair under pressure. Stock markets were also on the back foot on Friday, weighing on the pair following a disappointment in US data. The Markit US composite PMI came in slightly below the previous read (at 50.6 from 50.9 in May), whilst the manufacturing index eased to 50.1 (from 50.5 in the month prior).

Level USD/JPY

Analis di Commerzbank menjelaskan bahwa USD/JPY berada di bawah tekanan dan di terendah 5 bulan

Source: FXstreet


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