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AceTraderFx Jan 09: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
09 Jan 2018 03:15GMT
USD/JPY - 112.60.. The Japanese yen captured market attention in New York morning on Mon n gained broadly vs usd, eur, gbp and aud.
Despite initial recovery to 113.18 in Australia, the yen took centre stage again in Asian morning and rallied strongly after Reuters reported the BoJ has trimmed its long-term bond purchase on Tuesday, price tumbled to 112.50 before staging a minor short-covering bounce ahead of Tokyo lunch break.
Looks like price would remain on the back foot in European trading as European traders are expected to buy the yen on the news, so selling dlr on recovery is the way to go.
Offers are tipped at 112.75/85 with stops above 113.00.
Some bids are noted at 112.50-40 with stops toured below 112.00.
U.S. will release Redbook retail sales and JOLTS jobs opening during New York morning and Minneapolis Fed President Kashkari (non voter) will be speaking at 15:00GMT.
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
09 Jan 2018 03:15GMT
USD/JPY - 112.60.. The Japanese yen captured market attention in New York morning on Mon n gained broadly vs usd, eur, gbp and aud.
Despite initial recovery to 113.18 in Australia, the yen took centre stage again in Asian morning and rallied strongly after Reuters reported the BoJ has trimmed its long-term bond purchase on Tuesday, price tumbled to 112.50 before staging a minor short-covering bounce ahead of Tokyo lunch break.
Looks like price would remain on the back foot in European trading as European traders are expected to buy the yen on the news, so selling dlr on recovery is the way to go.
Offers are tipped at 112.75/85 with stops above 113.00.
Some bids are noted at 112.50-40 with stops toured below 112.00.
U.S. will release Redbook retail sales and JOLTS jobs opening during New York morning and Minneapolis Fed President Kashkari (non voter) will be speaking at 15:00GMT.
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