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AceTraderFx Dec 21: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
21 Dec 2017 03:20GMT
USD/JPY - 113.33.. Dlr pares yesterday's gain to a near 1-week high of 113.46 to 113.20 on selling by Japanese names (exporters), however, renewed buying quickly lifted price.
Expect consolidation ahead of BoJ's monetary policy announcement during Tokyo lunch session where the central bank is widely expected to stand pat on its rate decision.
however, pay attention to BoJ Gov Kuroda's comments at the press conference at 06:00GMT for any change of his tone on QQE.
For now, bids are noted at 113.20-10 with stops below 113.00.
Offers are tipped at 113.45/50 and more above with stops above 113.75. Buying dlr on dips is cautiously favoured after benchmark U.S. 10-year yields rallied to 9-month high of 2.05025% (currently around 2.4862%).
U.S. will release final Q3 GDP, PCE, jobless claims, monthly home price n leading indicators later today.
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
Intra-Day Market Moving News and Views
21 Dec 2017 03:20GMT
USD/JPY - 113.33.. Dlr pares yesterday's gain to a near 1-week high of 113.46 to 113.20 on selling by Japanese names (exporters), however, renewed buying quickly lifted price.
Expect consolidation ahead of BoJ's monetary policy announcement during Tokyo lunch session where the central bank is widely expected to stand pat on its rate decision.
however, pay attention to BoJ Gov Kuroda's comments at the press conference at 06:00GMT for any change of his tone on QQE.
For now, bids are noted at 113.20-10 with stops below 113.00.
Offers are tipped at 113.45/50 and more above with stops above 113.75. Buying dlr on dips is cautiously favoured after benchmark U.S. 10-year yields rallied to 9-month high of 2.05025% (currently around 2.4862%).
U.S. will release final Q3 GDP, PCE, jobless claims, monthly home price n leading indicators later today.
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