The BOJ is still buying but they are running into very heavy offers above 78.50 which are holding for now.
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USD/JPY: Heavy turnover above 78.50
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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- What are the main events for today?
- Iran reaffirms that latest proposal to US includes lifting naval blockade and sanctions
- UK labour market eases with dark clouds from Middle East conflict hanging over
- FX option expiries for 19 May 10am New York cut
- Caution still up in the air as the US-Iran conflict drags on
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