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Dollar/Yen up 0.1%, trading around 109.68

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(Last update 6:11am EST, June 3, 2021)

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Dollar/Yen is up to 109.68 having started the day at 109.56, overall a 0.1% move or 11 pips today.

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Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 110.13 – a high enough level to usually suggest Dollar/Yen is trading above its value.

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Overall, looking at the technical analysis landscape, it seems Dollar/Yen is likely to reverse course and start pointing down in the short term.

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Dollar/Yen started the year by gaining 5.64%.

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Japan working to supply COVID-19 vaccines to Taiwan this month -Kyodo https://t.co/dacMBDWQkR pic.twitter.com/htqcazYvZh

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— Reuters (@Reuters) June 3, 2021

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Dollar/Swiss up 0.12%, trading around 0.899

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(Last update 6:11am EST, June 3, 2021)

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Dollar/Swiss is up to 0.899 having started the day at 0.8979, overall a 0.12% move or 10 pips today.

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In terms of trend indicators, we can see that medium-term trend indication has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line crosses above the MACD signal line. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.9016 – a high enough level to usually suggest Dollar/Swiss is trading above its value.

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Overall, the technical analysis picture suggests Dollar/Swiss is neutral for the immediate future, with no clear-cut direction.

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Dollar/Swiss started the year by gaining 1.39%.

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Australian dollar is down 19 pips (0.25%), trading around 0.7734

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(Last update 6:11am EST, June 3, 2021)

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Australian dollar is down to 0.7734 having started the day at 0.7754, overall a 0.25% loss or 19 pips today.

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Asset volatility analysis shows that the upper Bollinger band at 0.7786, indicating a further downward move might be next.

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Overall, looking at the technical analysis landscape, it seems Aussie/Dollar is likely to continue pointing down in the short term.

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Australian dollar has started this year by gaining 0.83%.

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