S&P 500 Index to stay capped at 4436/56 for a summer correction phase – Credit Suisse

S&P 500 strength is expected to stall at a cluster of resistances. Economists at Credit Suisse continue to look for a “summer consolidation/correction
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USD/JPY retreats to 109.50 area as US T-bond yields turn south

After spending the first half of the day moving sideways around 109.70, the USD/JPY pair came under renewed bearish pressure in the last hour and was
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