AceTraderFx Nov 29: Intra-Day News and Views USD/JPY
Intra-Day Market Moving News and Views
29 Nov 2016 03:12GMT
USD/JPY - ..... Dlr orbits 112.00 level in directionless Tokyo trading after yesterday's intra-day wild swings.
Despite tumbling from 113.11 (New Zealand) to as low as 111.36 in Asian morning partly on active cross-unwinding in yen, dlr buyers emerged and the pair later ratcheted higher back to 112.79 just ahead of New York open but on to erase all of said intra-day gain as fall in U.S.
Treasury yields triggered another wave of yen-buying, dlr fell back to 111.62 ahead of Tokyo open before stabilising.
Intra-day rebound suggests further choppy trading above said yesterday's 111.36 low would continue.
Bids are noted at 111.70-60 and more below with stops below 111.30.
Offers are tipped at 111.25/35 and more above with stops reported above 112.80.
Pay attention to release of key U.S. Q3 GDP at 13:30GMT, personal consumption expenditures, Redbook retail sales, CaseShiller home price indices n then consumer confidence.
Also, Fed officials Dudely and Powell will be speaking during New York session.
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
Intra-Day Market Moving News and Views
29 Nov 2016 03:12GMT
USD/JPY - ..... Dlr orbits 112.00 level in directionless Tokyo trading after yesterday's intra-day wild swings.
Despite tumbling from 113.11 (New Zealand) to as low as 111.36 in Asian morning partly on active cross-unwinding in yen, dlr buyers emerged and the pair later ratcheted higher back to 112.79 just ahead of New York open but on to erase all of said intra-day gain as fall in U.S.
Treasury yields triggered another wave of yen-buying, dlr fell back to 111.62 ahead of Tokyo open before stabilising.
Intra-day rebound suggests further choppy trading above said yesterday's 111.36 low would continue.
Bids are noted at 111.70-60 and more below with stops below 111.30.
Offers are tipped at 111.25/35 and more above with stops reported above 112.80.
Pay attention to release of key U.S. Q3 GDP at 13:30GMT, personal consumption expenditures, Redbook retail sales, CaseShiller home price indices n then consumer confidence.
Also, Fed officials Dudely and Powell will be speaking during New York session.
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