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AceTraderFx Aug 19: Intra-Day News and Views & data to be released today- USD/JPY
Intra-Day Market Moving News and Views
Update Time: 19 Aug 2020 05:30GMT
USD/JPY - 105.36... The greenback resumed its recent losing streak and continued to remain under pressure in European session yesterday. The pair fell to 105.29 in New York morning on usd's broad-based weakness as negotiations between the Republicans and the Democrats remain at a standstill. The pair then met renewed selling at 105.46 in Australia today and fell to 105.11 in Tokyo morning before staging a strong short-covering rebound to 105.41.
Dollar's intra-day break below yesterday's low at 105.29 signals decline from last week's 3-week peak at 107.04 remains in progress and further weakness to 104.80/90 would be seen before prospect of a correction. Offers are now seen at 105.40/50 and more above at 105.60/70 with stops building up above there whilst initial bids are noted at 104.50/60.
In the absence of key economic data from U.S., focus is on the release of FOMC meeting minutes at 18:00GMT. Investors should pay attention to the language used as it could provide further hints about the policy path the central bank would tread on during these challenging times for the economy.
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Intra-Day Market Moving News and Views
Update Time: 19 Aug 2020 05:30GMT
USD/JPY - 105.36... The greenback resumed its recent losing streak and continued to remain under pressure in European session yesterday. The pair fell to 105.29 in New York morning on usd's broad-based weakness as negotiations between the Republicans and the Democrats remain at a standstill. The pair then met renewed selling at 105.46 in Australia today and fell to 105.11 in Tokyo morning before staging a strong short-covering rebound to 105.41.
Dollar's intra-day break below yesterday's low at 105.29 signals decline from last week's 3-week peak at 107.04 remains in progress and further weakness to 104.80/90 would be seen before prospect of a correction. Offers are now seen at 105.40/50 and more above at 105.60/70 with stops building up above there whilst initial bids are noted at 104.50/60.
In the absence of key economic data from U.S., focus is on the release of FOMC meeting minutes at 18:00GMT. Investors should pay attention to the language used as it could provide further hints about the policy path the central bank would tread on during these challenging times for the economy.
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