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Yen on the move in the Asian morning, back above 130

  • USD/JPY higher
Eamonn Sheridan
01/05/2022 | 22:30 GMT

USD/JPY has jumped higher in thin trade, circa 130.25 as I post.

Oil opened lower.

US equity index futures popped at the open of Globex but have since slumped.

Chinese data over the weekend was awful:

China PMIs for April 2022 have been published - all are well into contraction

And May is not off to a great start:

China COVID-19 - Beijing tightened COVID restrictions on Sunday

USD/JPY:

usdyen chart 02 May 2022

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