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AceTraderFx Oct 23: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
23 Oct 2018 03:30GMT
USD/JPY - 112.63.. Dlr pares yesterday's gain after climbing to a a -11-day high of 112.89 in New York, however, price retreated in New York afternoon as U.S. stocks were in the red n the pair weakened marginally below New York low at 112.66 due to renewed safe-haven yen buying as Asian share are also in the red in Asian morning, suggesting sideways swings below 112.89 would continue.
Looking ahead, despite anticipated broad-based strength usd's strength, if global equities weaken again, then the pair would come under selling pressure due to buying of yen on risk aversion, a break of yesterday's 112.35 low would be the 1st signal early correction from October's 111.63 low has ended, then risk would shift to the downside for subsequent weakness towards 111.96.
Offers are tipped at 111.80/90 with stops above 113.00.
Some bids are noted at 112.55/50 with stops below 112.30.
On the eco. data, the only data due out from the U.S. is Redbook sales n Richmond Fed mfg index.
However, for Fed watchers, we have Minneapolis Fed's Presient Kashari (non-voter) speaking at 13:30GMT, then Atlanta's Fed President Bostic (voter) speaking at 16:30GMT n then Dallas Fed's Kaplan at 18:15GMT.
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Intra-Day Market Moving News and Views
23 Oct 2018 03:30GMT
USD/JPY - 112.63.. Dlr pares yesterday's gain after climbing to a a -11-day high of 112.89 in New York, however, price retreated in New York afternoon as U.S. stocks were in the red n the pair weakened marginally below New York low at 112.66 due to renewed safe-haven yen buying as Asian share are also in the red in Asian morning, suggesting sideways swings below 112.89 would continue.
Looking ahead, despite anticipated broad-based strength usd's strength, if global equities weaken again, then the pair would come under selling pressure due to buying of yen on risk aversion, a break of yesterday's 112.35 low would be the 1st signal early correction from October's 111.63 low has ended, then risk would shift to the downside for subsequent weakness towards 111.96.
Offers are tipped at 111.80/90 with stops above 113.00.
Some bids are noted at 112.55/50 with stops below 112.30.
On the eco. data, the only data due out from the U.S. is Redbook sales n Richmond Fed mfg index.
However, for Fed watchers, we have Minneapolis Fed's Presient Kashari (non-voter) speaking at 13:30GMT, then Atlanta's Fed President Bostic (voter) speaking at 16:30GMT n then Dallas Fed's Kaplan at 18:15GMT.
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
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