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AceTraderFx May 24: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
24 May 2018 03:30GMT
USD/JPY - 109.61.. Dlr gained no respite in another hectic Asian morning on Thursday. Despite staging a rally from Wednesday's 1-week low of 109.56 (Europe) to as high as 110.32 due to renewed usd's strength in New York, the release of mildly dovish Fed minutes sent U.S. yields sharply lower, knocking the benchmark 10-year decisively below the 3% mark n the greenback fell broadly in New York afternoon.
Dlr met renewed selling at 110.10 (AUS) and tumbled in Asian morning as U.S. yields continue its o/n fall, price penetrated 109.56 sup to intra-day low of 109.45 before stabilsing.
The lack of a rebound ahead of Tokyo lunch session suggests decline from Monday's 4-month peak at 111.40 is likely to pressure the buck in early European trading but reckon daily sup at 109.15 would contain weakness.
Offers are tipped at 109.75/85 and more above with stops above 110.00.
Bids are noted at 109.45-40 and more below with stops reported below 109.10.
U.S. will release a slew of eco. data starting with weekly jobless claims, monthly home price, existing home sales n KC Fed mfg index. We have a number of Fed officials scheduled to speak later in the day, please refer to EI page for details.
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Intra-Day Market Moving News and Views
24 May 2018 03:30GMT
USD/JPY - 109.61.. Dlr gained no respite in another hectic Asian morning on Thursday. Despite staging a rally from Wednesday's 1-week low of 109.56 (Europe) to as high as 110.32 due to renewed usd's strength in New York, the release of mildly dovish Fed minutes sent U.S. yields sharply lower, knocking the benchmark 10-year decisively below the 3% mark n the greenback fell broadly in New York afternoon.
Dlr met renewed selling at 110.10 (AUS) and tumbled in Asian morning as U.S. yields continue its o/n fall, price penetrated 109.56 sup to intra-day low of 109.45 before stabilsing.
The lack of a rebound ahead of Tokyo lunch session suggests decline from Monday's 4-month peak at 111.40 is likely to pressure the buck in early European trading but reckon daily sup at 109.15 would contain weakness.
Offers are tipped at 109.75/85 and more above with stops above 110.00.
Bids are noted at 109.45-40 and more below with stops reported below 109.10.
U.S. will release a slew of eco. data starting with weekly jobless claims, monthly home price, existing home sales n KC Fed mfg index. We have a number of Fed officials scheduled to speak later in the day, please refer to EI page for details.
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