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AceTraderFx July 19: Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time: 19 July 2021 05:30GMT
USD/JPY - 109.91.. The pair remained on the back foot in active Tokyo trading due to renewed risk-off trade as U.S. yields continued its last week's slide ( benchmark 10-year penetrated last week's 1.292% low to a fresh 1-week trough of 1.264%, circa 1.2769%) and easily penetrated Friday's low at 110.04 (New York) to 109.86 ahead of Tokyo open.
Intra-day broad-based yen's strength vs usd, euro, gbp n aud etc suggests re-test of last week's 109.72 low would be seen after conosolidation, break would head towards July's bottom at 109.54 later today.
Offers are tipped at 109.00/05 with stops above 110.20 while some bids are noted at 109.80-75 with stops below 109.70.
U.S. eco. calendar is very thin today with second-tier NZHB housing market index being the only data due out, so traders will taken cue from intra-day move in U.S. yields and later U.S. stocks.
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 update
Intra-Day Market Moving News and Views
Update Time: 19 July 2021 05:30GMT
USD/JPY - 109.91.. The pair remained on the back foot in active Tokyo trading due to renewed risk-off trade as U.S. yields continued its last week's slide ( benchmark 10-year penetrated last week's 1.292% low to a fresh 1-week trough of 1.264%, circa 1.2769%) and easily penetrated Friday's low at 110.04 (New York) to 109.86 ahead of Tokyo open.
Intra-day broad-based yen's strength vs usd, euro, gbp n aud etc suggests re-test of last week's 109.72 low would be seen after conosolidation, break would head towards July's bottom at 109.54 later today.
Offers are tipped at 109.00/05 with stops above 110.20 while some bids are noted at 109.80-75 with stops below 109.70.
U.S. eco. calendar is very thin today with second-tier NZHB housing market index being the only data due out, so traders will taken cue from intra-day move in U.S. yields and later U.S. stocks.
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 update