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AceTraderFx Nov 23: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
23 Nov 2017 03:30GMT
USD/JPY - 111.35.. Dlr finally staged a short-covering rebound in holiday-thinned Asian morning as financial markets in Japan are closed for Labour Thanksgiving Day holiday.
Although the pair remained on the back foot earlier in Australia after yesterday's selloff which started in Australia from 112.50 and fell to 111.95 in European morning, intra-day descent accelerated in New York session, triggering a series of stops below 111.80, then 111.65.
Price tumbled to a 2-month trough of 111.15 following release of dovish Fed minutes. Although renewed selling emerged at 111.31 ahead of Asian open m knocked price lower to intra-day low at 111.07, the pair climbed steadily on broad-based yen-selling.
Dlr's intra-day rebound suggests a temporary bottom is in place and range trading is expected in European session and with U.S. markets off for Thanksgiving Day holiday, trading may slow in North American morning session.
Offers are tipped at 111.40/50 with stops above 111.95.
Bids are noted at 111.10-00 with stops below there.
AceTrader - Best Intra-day Forex Trading Strategies
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Intra-Day Market Moving News and Views
23 Nov 2017 03:30GMT
USD/JPY - 111.35.. Dlr finally staged a short-covering rebound in holiday-thinned Asian morning as financial markets in Japan are closed for Labour Thanksgiving Day holiday.
Although the pair remained on the back foot earlier in Australia after yesterday's selloff which started in Australia from 112.50 and fell to 111.95 in European morning, intra-day descent accelerated in New York session, triggering a series of stops below 111.80, then 111.65.
Price tumbled to a 2-month trough of 111.15 following release of dovish Fed minutes. Although renewed selling emerged at 111.31 ahead of Asian open m knocked price lower to intra-day low at 111.07, the pair climbed steadily on broad-based yen-selling.
Dlr's intra-day rebound suggests a temporary bottom is in place and range trading is expected in European session and with U.S. markets off for Thanksgiving Day holiday, trading may slow in North American morning session.
Offers are tipped at 111.40/50 with stops above 111.95.
Bids are noted at 111.10-00 with stops below there.
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