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Forex Flash: Tokyo return sees buying on dips for USD/JPY - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that the Tokyo return has seen buying on dips in USD/JPY.

He adds that that Tokyo returns from a long weekend today and USD/JPY may continue to remain a buy dips proposition after the pair (note higher US yields) attempted to take a swipe at the 99.50 area overnight. He remains neutral on the pair in the interim and continue to look towards US-centric developments to drive the pair in the near term the 100.00 still as yet unchallenged.

Forex: GBP/USD extends consolidation into NY session

The pound trades marginally lower against the dollar, having spent most of the day within a slim range unable to set a fresh direction. GBP/USD is currently trading down 0.1% at the 1.5530 area, having hit a low of 1.5520 and a high of 1.5550, where the 100-hour SMA acted as dynamic resistance.
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US: IBD/TIPP Economic Optimism eases to 45.1 in May

Economic optimism in the US disappointed the market by easing from 46.2 to 45.1 in May, instead of rising to 47.1 as market consensus.
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