NEWS: USD/JPY upside momentum could fade this week but yen crosses to remain weak – MUFG May 31, 2021 at 06:04PM

NEWS: USD/JPY upside momentum could fade this week but yen crosses to remain weak – MUFG May 31, 2021 at 06:04PM

What’s the setup for USD/JPY?
MUFG Research sees a scope for a softer USD/JPY this week.
"There is increased focus on USD/JPY which looks set to breach the
110.00-level for the first time since 6th April following sharp selling
we believe was related to the MSCI rebalancing of global equity indices
that saw 29 Japan stocks removed

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