Forex - USD/JPY, AUD/JPY Flows: USD/JPY failed to sustain the rally


 01:59 (GMT) 22 May

  [Forex Flows]

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USD/JPY, AUD/JPY Flows: USD/JPY failed to sustain the rally (0101-LFGX-C01)

USD/JPY could not sustain the rally and gains were capped at 110.70. The pair edged lower to 110.55 at last look. Japan's exports extended the decline in April as trade tensions continued to weigh on Japan's exports. Weakening external drivers continued to point at uncertainty over the Japan's outlook, dragging down risk sentiment.

AUD/USD was still in sideway movements below 0.6900, hovering around a 4-month low as markets priced in a June rate cut. NZD/USD remained range bound between 0.6500-0.6510.


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