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AceTraderFx Jan 17: Intra-Day News and Views USD/JPY
Intra-Day Market Moving News and Views
17 Jan 2017 02:09GMT
USD/JPY - ...... Dlr swung broadly sideways in Asian morning. Despite initial drop to 113.84 shortly after Tokyo open as weakness in the Nikkie to a 4-week low at 18849 (currently at 19454) triggered yen buying.
however, renewed buying above yesterday's 5-week trough at 113.76 lifted the pair to 114.28, suggesting further choppy trading above said Mon's low would continue.
Market remains jittery ahead of U.K. PM May's speech later today around 11:45GMT as she outlines her so-called 12 priority points for upcoming Brexit negotiations of leaving the EU's single market as well as regaining complete control of Britain's borders (immigration control).
The yen may gain if market interpret her speech will lead to a 'hard Brexit'.
For now, offers are tipped at 114.30/40 and more above with stops reported above 114.55. However, more selling interest is touted at 115.00/10.
On the downside, bids are noted at 114.00/113.90 with stops below 113.70.
After PM May's speech, U.S. will release New York Fed manufacturing index, also New York Fed President William Dudley will speak at an event at 13:45GMT and later at 15:00GMT, Fed Board Governor Lael Brainard speaks on monetary and fiscal policy before the Brookings Institution in Washington.
AceTrader - Best Intra-day Forex Trading Strategies
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Intra-Day Market Moving News and Views
17 Jan 2017 02:09GMT
USD/JPY - ...... Dlr swung broadly sideways in Asian morning. Despite initial drop to 113.84 shortly after Tokyo open as weakness in the Nikkie to a 4-week low at 18849 (currently at 19454) triggered yen buying.
however, renewed buying above yesterday's 5-week trough at 113.76 lifted the pair to 114.28, suggesting further choppy trading above said Mon's low would continue.
Market remains jittery ahead of U.K. PM May's speech later today around 11:45GMT as she outlines her so-called 12 priority points for upcoming Brexit negotiations of leaving the EU's single market as well as regaining complete control of Britain's borders (immigration control).
The yen may gain if market interpret her speech will lead to a 'hard Brexit'.
For now, offers are tipped at 114.30/40 and more above with stops reported above 114.55. However, more selling interest is touted at 115.00/10.
On the downside, bids are noted at 114.00/113.90 with stops below 113.70.
After PM May's speech, U.S. will release New York Fed manufacturing index, also New York Fed President William Dudley will speak at an event at 13:45GMT and later at 15:00GMT, Fed Board Governor Lael Brainard speaks on monetary and fiscal policy before the Brookings Institution in Washington.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates