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AceTraderFx May 27: Intra-Day News and Views & data to be released today -USD/JPY
Intra-Day Market Moving News and Views
Update Time: 27 May 2019 03:00GMT
USD/JPY - 109.42.. The greenback pares Friday's weakness to an 8-day low at 109.28 (New York) and rebounded to 109.51 in Asia on Monday as broad-based marginal gain in Asian equities following recovery in U.S. stocks on Fri has triggered some yen-selling, suggesting range trading is in store until European open.
As dollar has reterated broadly after the usd index (DXY) hit a 2-year peak of 98.371 on Thursday, consolidation with downside bias remains and stops below May's 3-month low at 109.02 are now in focus.
Offers are tipped at 109.50/60 n more above with stops above 109.80.
Bids are noted at 109.30-20 and more below with stops below 109.00.
U.K. n U.S. markets are closed for Spring Bank holiday and Memorial Day respectively, so expect trading activity to wind down after European lunch session. Pay attention to BOJ Kuroda's speech at T20 Summit in Tokyo at 03:00GMT.
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: 27 May 2019 03:00GMT
USD/JPY - 109.42.. The greenback pares Friday's weakness to an 8-day low at 109.28 (New York) and rebounded to 109.51 in Asia on Monday as broad-based marginal gain in Asian equities following recovery in U.S. stocks on Fri has triggered some yen-selling, suggesting range trading is in store until European open.
As dollar has reterated broadly after the usd index (DXY) hit a 2-year peak of 98.371 on Thursday, consolidation with downside bias remains and stops below May's 3-month low at 109.02 are now in focus.
Offers are tipped at 109.50/60 n more above with stops above 109.80.
Bids are noted at 109.30-20 and more below with stops below 109.00.
U.K. n U.S. markets are closed for Spring Bank holiday and Memorial Day respectively, so expect trading activity to wind down after European lunch session. Pay attention to BOJ Kuroda's speech at T20 Summit in Tokyo at 03:00GMT.
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