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AceTraderFx Mar 23: Intra-Day News and Views & data to be released today -USD/JPY
Intra-Day Market Moving News and Views
Update Time: 23 Mar 2020 04:30GMT
USD/JPY - 110.10... Although the greenback retreated from Friday's Asian high at 111.36 to session lows at 109.34 on profit-taking from usd's continued strength over last week, price erased its losses and rose to a 3-week peak at 111.50 in New York afternoon on Friday. However, lack of follow-through buying knocked price back down and the pair retreated to 110.01 in Tokyo morning today due partly to a drop in U.S. stock futures.
Dollar's retreat from Friday's 3-week peak at 111.50 signals upmove from March's 3-1/2 year trough at 101.19 has made a temporary top there and consolidation with downside bias remains for stronger retracement to 109.84.
Offers are now seen at 110.40/50 and more above at 110.70/80 with stops building up above there whilst initial bids are noted at 109.50/60.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates
Intra-Day Market Moving News and Views
Update Time: 23 Mar 2020 04:30GMT
USD/JPY - 110.10... Although the greenback retreated from Friday's Asian high at 111.36 to session lows at 109.34 on profit-taking from usd's continued strength over last week, price erased its losses and rose to a 3-week peak at 111.50 in New York afternoon on Friday. However, lack of follow-through buying knocked price back down and the pair retreated to 110.01 in Tokyo morning today due partly to a drop in U.S. stock futures.
Dollar's retreat from Friday's 3-week peak at 111.50 signals upmove from March's 3-1/2 year trough at 101.19 has made a temporary top there and consolidation with downside bias remains for stronger retracement to 109.84.
Offers are now seen at 110.40/50 and more above at 110.70/80 with stops building up above there whilst initial bids are noted at 109.50/60.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates