acetraderfx
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AceTraderFx Sept 7: Intra-day Market Moving News and Views (USD/JPY)
Intra-day Market Moving News and Views
07 Sep 2015 00:53GMT
USD/JPY - ..... Although the greenback opened slightly lower in NZ today, price staged a rebound to 119.31 at Asian open.
However, renewed selling there due to increased concerns that Fed won't hike its rate in September meeting following the release of poor NFP data together with early fall in Nikkei-225 index pressured the pair lower and dlr dropped to 118.80.
Trading is likely to be relatively thin today due to U.S. labour market holiday. Some offers are seen at 119.20/30 and more above at 119.40/50 with stops building up above there whilst initial bids are noted at 118.50/60, suggesting choppy trading is envisaged till European open.
Intra-day Market Moving News and Views
07 Sep 2015 00:53GMT
USD/JPY - ..... Although the greenback opened slightly lower in NZ today, price staged a rebound to 119.31 at Asian open.
However, renewed selling there due to increased concerns that Fed won't hike its rate in September meeting following the release of poor NFP data together with early fall in Nikkei-225 index pressured the pair lower and dlr dropped to 118.80.
Trading is likely to be relatively thin today due to U.S. labour market holiday. Some offers are seen at 119.20/30 and more above at 119.40/50 with stops building up above there whilst initial bids are noted at 118.50/60, suggesting choppy trading is envisaged till European open.