AceTraderFx : Intra-day Market Moving News and Views on Majors

AceTraderFx Mar 30: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
30 Mar 2016 03:25GMT

EUR/USD - ...... The single currency rebounded after meeting renewed buying interest at 1.1169 in Europe on Tuesday and then later rallied to as high as 1.1303 in New York afternoon as Fed's chair Janet Yellen dragged down the U.S. dollar by strongly emphasizing that the Federal Reserve should proceed cautiously in normalizing its current monetary policy cycle.
Later, euro eased to 1.1283 before moving sideways.

Today, investors should pay attention to the release of a slew of economic reports from euro zone in European session, these include business climate, economic sentiment, industrial sentiment, service sentiment, and consumer confidence.
In addition, Germany will release its inflation data for March at 12:00GMT.

At the moment, bids are noted at 1.1270-60 and then in the region of 1.1250-1.1230 with stops below 1.1220.
On the upside, offers are reported at 1.1310-20 and more around 1.1330 with stops just above 1.1340.

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

AceTraderFx Mar 31: Intra-Day Market Moving News and Views (GBP/USD)

Intra-Day Market Moving News and Views (GBP/USD)
31 Mar 2016 00:30GMT

A survey by Reuters showed on Thursday that British consumers remain their least confident in more than a year as they worry about the country's European Union referendum and the euro zone's unresolved economic problems.
Market research firm GfK said its overall consumer sentiment indicator stood at zero in March, unchanged from February and its joint lowest level since December 2014. Overall the survey showed consumers were less willing to spend on big-ticket items than in February.

Britain's consumers have been the key driver of the country's economic recovery over the past three years.
Joe Staton, head of market dynamics at GfK, said that despite good economic headlines about low inflation, interest rates and prices in the shops, concerns about Brexit and the ongoing euro zone crisis appear to be hitting home.
Optimism among consumers about the economy over the next 12 months was 18 points lower than in March 2015 at -12.

Chancellor of the Exchequer George Osborne has warned repeatedly that the country faces a "dangerous mixture" of risks from the world economy.
Economists say the government's decision to hold the EU referendum is another, home-grown, risk which is likely to hurt confidence in the run-up to the vote on June 23.
If voters decide to leave the bloc, Britain will probably suffer a hit to growth, at least in the short term, most economists say.

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

AceTraderFx Mar 31: Intra-Day Market Moving News & Views & data to be released today (USD/JPY)

Intra-Day Market Moving News and Views
31 Mar 2016 02:19GMT

USD/JPY - ..... Although dlr retreated after yesterday's intra-day rebound from 112.02 (Europe) to 112.68 in New York morning, price jumped from 112.24 to 112.66 in Tokyo morning as intra-day rise in Nikkei increased risk appetite and triggered broad-based selling in yen.

In Asian session, we will see the release of Japan's construction orders and housing starts at 05:00GMT.
In addition, investors should pay attention to the headlines as BoJ's Governor Kuroda may deliver speech during his appearance in Japanese parliament (04:00GMT).

At present, offers are noted at 112.70-80 and then 111.90-00 with stops above there, whilst bids are noted at 112.30-20 and more around 112.10 with stops below 112.00, suggesting choppy sideways trading would be seen ahead of European open.
Data to be released on Thursday:

New Zealand business confidence, Australia new home sales, Japan construction orders, housing start, Germany retail sales, unemployment rate, unemployment change, France consumer spending, producer prices, CPI, U.K. GDP, current account, mortgage approvals, Italy CPI, producer prices, Eurozone inflation, U.S. initial jobless claims, Chicago PMI and Canada GDP.

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

AceTraderFx Mar 31: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
31 Mar 2016 03:31GMT

EUR/USD - ....... Although euro continued to strengthen against the greenback and rose above previous March's peak at 1.1343 to 1.1365 in New York morning after data showed German annual inflation turned positive in March, profit-taking emerged there and knocked price down to 1.1315.
Later, price rebounded to 1.1349 and then edged lower again in Asian morning.

Today, investors should pay attention to the release of Germany's retail sales and unemployment reports at 06:00GMT and 07:55GMT respectively.

At present, bids are reported at 1.1310-00 and in the region of 1.1290-70 with stops below 1.1260.
On the upside offers are noted at 1.1340-50 n then around 1.1360 with stops above 1.1380.

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

AceTraderFx Mar 31: Intra-Day Market Moving News and Views (GBP/USD)

Intra-Day Market Moving News and Views
31 Mar 2016 09:05GMT

GBP/USD - ...... Cable continues to move higher in Europe as market shrugged off earlier downbeat U.S. trade data whilst GDP was revised slightly higher.
Reuters reported Britain's current account deficit widened much more than expected to hit a record high, highlighting one of the economy's weak spots that is coming under sharper focus ahead of the European Union membership referendum.

The Office for National Statistics said on Thursday that the deficit in the current account widened to 32.7 billion pounds in the fourth quarter of 2015, shooting up to the equivalent to 7.0 percent of gross domestic product.
This deficit had stood at 4.3 pct of GDP in the third quarter.
Economists taking part in a Reuters poll had expected the shortfall to widen to 21.1 billion pounds in the October-December period.

For 2015 as a whole, the current account deficit stood at 96.2 billion pounds or 5.2 percent of GDP, also the biggest since records began in 1948.

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

AceTraderFx Apr 1: Intra-Day Market Moving News & Views & data to be released today (USD/JPY)

Intra-Day Market Moving News and Views
01 Apr 2016 01:07GMT

USD/JPY - ...... Despite dlr's rebound after ratcheting lower from Thursday's Asian high of 112.66 to 112.11 in New York session, intra-day retreat from o/n New York high of 112.61 to 112.21 in Tokyo morning suggests directionless session inside near term established range of 112..02-112.68 would continue ahead of the release of important U.S. non-farm payrolls data in New York morning later today.

Market's focus today is surely on release of the US non-farm report as the Federal Reserve takes into account the health of the labour market in determining the timing of another interest rate hike. Market expects U.S. to have added 205K jobs to the economy in March compared to 242K the previous month. Having said that, investors should also pay attention to the release of U.S.'s average hourly earnings, unemployment rate as well as the Markit manufacturing PMI and ISM manufacturing PMI which are scheduled to release later in NY morning at 13:45GMT n 14:00GMT respectively.

At present, offers are noted at 112.50-60 and then 112.80-90 with stops above there, whilst bids are noted at 112.20-10 and more around 112.00 with stops below there.

Data to be released on Friday:

Australia AIG manufacturing index, Japan Tankan big manufacturing index, Tankan big non-manufacturing index, Tankan large all industry Capex, Tankan small manufacturing index, Tankan small non-manufacturing index, Tankan small all industry Capex, manufacturing PMI, China non-manufacturing PMI, manufacturing PMI, Swiss retail sales, manufacturing PMI, Italy Markit manufacturing PMI, unemployment rate, France Markit manufacturing PMI, Germany Markit manufacturing PMI, Eurozone Markit manufacturing PMI, unemployment rate, U.K. Markit manufacturing PMI, U.S. non-farm payrolls, unemployment rate, private payrolls, manufacturing payrolls, average earnings, participation rate, manufacturing PMI, construction spending, Reuters/University of Michigan consumer sentiment index and Canada RBC manufacturing PMI.

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

AceTraderFx Apr 1: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
01 Apr 2016 02:19GMT

EUR/USD - ...... Although euro continued its recent winning streak n rose to a fresh 4-1/2 month peak at 1.1412 in New York morning after data showed that inflation in euro zone improved in March, release of upbeat U.S. Chicago PMI knocked price down to 1.1375 later in New York session.
Euro retreated again after a brief gain to 1.1389 at Asian open and edged lower to 1.1373.

Today's focus for the single currency will be on the release of a slew of Manufacturing PMIs from Markit, a leading market research company, for euro zone n its member countries in European morning, theses includes Switzerland, France, Italy and Germany.
In addition, euro zone will release its unemployment rate for February at 09:00GMT.

At present, bids are reported at 1.1350-40 and then 1.1320-00 area with stops below there.
On the upside offers are noted at 1.1380-90 and then near 1.1400 with stops building above 1.1420.

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

AceTraderFx Apr 5: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views
05 Apr 2016 02:16GMT

USD/JPY - ...... The Japanese yen gained broadly on Tue in Asia as data on wages suggested improvement (see our previous MMN). The pair came under renewed selling pressure after meeting selling interest at 111.36 ahead of Asian open and then fell below New York support at 111.10 to a session low of 110.86 after the Japan's jobs report.

Although dlr's intra-day weakness in Asia suggests consolidation with downside bias would be seen, as investors are awaiting more clarity on the direction of rates in the U.S. in the release of minutes later this week, sharp decline below Mar's 16-mohth bottom at 110.67 is not likely to be seen and 110.00 (psychological support) should hold on 1st testing.

Today will see the release of U.S. service PMI by Markit and ISM non-manufacturing in New York morning.
At the moment, offers are noted at 111.10-20 and more at 111.30-40 with stops above 111.50, whilst on the downside, bids are reported at 110.70-60 and then at 110.50-30 region with stops below there.

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

AceTraderFx Apr 5: Intra-Day Market Moving News and Views (GBP/USD)

Intra-Day Market Moving News and Views
05 Apr 2016 09:31GMT

GBP/USD - ...... Britain's economy appears to have slowed since the start of this year as worries about the global economy, government spending cuts and a vote on staying in the European Union take their toll, a closely watched survey showed on Tuesday.

Financial data company Markit said its Purchasing Managers Index for services recovered only slightly last month after reaching its lowest in nearly three years in February.
Official data last week showed Britain's economy did slightly better than thought at the end of 2015, but the Markit figures, which economists use as a guide to future official numbers, suggest 2016 got off to a weak start.
Combined with sub-par readings for manufacturing and construction, Markit said its service PMI pointed to a fall in quarterly economic growth in the first three months of 2016 to 0.4 percent, from 0.6 percent in the final three months of 2015.
Britain's economy grew 2.3 percent last year. Government forecasters expect growth to slow to 2.0 percent in 2016.
Britain will hold a referendum on whether to leave the EU on June 23.

A poll of businesses on Monday showed the possibility of a vote in favour of leaving is causing companies to put investment plans on hold.

The weaker growth forecasts left finance minister George Osborne hunting for savings in last month's budget.

The Markit/CIPS services PMI - which covers the private-sector services that make up about 40 percent of Britain's economy - rose to 53.7 in March from February's near three-year low of 52.7, in line with economists' expectations.
Monday's construction PMI and Friday's survey of manufacturers were lacklustre, too.
The combined index for the three measures inched up to 53.7 in March from 52.9.

Services generated new business at the slowest rate since January 2013, and the readings for hiring and business expectations were among the weakest in the past three years.

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

AceTraderFx Apr 6: Intra-Day Market Moving News & Views & data to be released today (USD/JPY)

Intra-Day Market Moving News and Views
06 Apr 2016 02:11GMT

USD/JPY - ....... Although dlr tumbled to a fresh 17-month trough at 109.92 near New York midday on Tuesday after data showed that U.S. trade deficit widened more than expected in February, short-covering emerged later in the day and lifted price to 110.55. Dlr then retreated to 110.23 in Australia before climbing marginally higher to 110.57 in Tokyo morning.

Today's focus for the market is surely on the release of FOMC minutes at 18:00GMT as investors are looking for more details behind the central bank's decision to keep interest rates unchanged and clues on the timing of the next interest rate increase. Therefore, sharp gain or losses is not likely to be seen in Asian n European sessions.

At present, bids are noted at 110.20-10 and 110.00-109.90 with stops below 109.80.
On the upside, offers are reported at 110.60-70 and more at 110.80-90 with stops above 111.00.

Data to be released on Wednesday:

China services PMI, Japan leading economic index, coincident index, Germany industrial production, U.S. mortgage application and Canada Ivey PMI.

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

AceTraderFx Apr 6: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
06 Apr 2016 03:09GMT

EUR/USD - ....... Although euro remained under pressure in European session on Tue due to release of a slew of downbeat economic indicators and fell to 1.1144, then 1.1136 in New York morning, buying interest above 1.1335 (post-NFP low) lifted price to 1.1401 and price later settled around 1.1380 level in New York afternoon before edging lower in Wednesday's Asian morning.

Germany's industrial production will be released at 06:00GMT. Market expects the monthly reading to turn into negative zone at -1.8% in February compare to +3.3% in preceding month.
Other than that, looks like eur/usd pair will spend another uneventful sessions ahead of the release of important FOMC minutes later in NY afternoon.

Offers are now seen at 1.1380-90 and more above at 1.1400-10 with stops building up above there whilst initial bids are noted at 1.1350-40 and then 1.1330-20 with stops below 1.1310.

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

AceTraderFx Apr 6: Intra-Day Market Moving News and Views (GBP/USD)

Intra-Day Market Moving News and Views
06 Apr 2016 10:06GMT

GBP/USD - .... Cable resumes recent decline after after meeting renewed selling at 1.4171 (Asia) and penetrated yesterday's 1.4122 low to a 1-week bottom of 1.4094 in Europe on active selling of sterling vs usd, eur and yen.

The lack of an intra-day rebound suggests downside bias remains for marginal weakness ahead of U.S. open.
However, traders reported a fairly good buying interest above previous sup at 1.4056-53.
Offers are tipped at 1.4120/30 and more above with stops above 1.4175, suggesting selling the pound on recovery is still favoured.

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

AceTraderFx Apr 7: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views
07 Apr 2016 01:25GMT

USD/JPY - 109.45... Although dlr rebounded from a fresh 17-month trough at 109.34 to 109.83 in New York afternoon after release of FOMC minutes, then a brief jump to 109.91 in Tokyo morning on comments from Japan MOF official (see our previous MMN), dovish comments from Dallas Fed President Robert Kaplan knocked price down again to 109.35.

Renewed intra-day weakness in dlr during Tokyo morning suggests consolidation with downside bias would be seen and therefore, selling usd/jpy pair on recovery is still favour.
However, sharp decline below 109.00 level is not likely to be seen ahead of the release of U.S. jobless claims in New York morning (12:30GMT).

At present, offers are reported at 109.60-70 and then 109.80-90 with mixture of offers and stops seen in the region of 110.00-110.20.
On the downside, initial bids are noted at 109.30-20 and near 109.10 with buying interest from various accounts noted at 109.00-108.90.

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

AceTraderFx Apr 7: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
07 Apr 2016 03:18GMT

EUR/USD - ....... Euro pared all its early intra-day losses in New York session and rallied from 1.1327 (Europe) to as high as 1.1433 at New York midday.
Later, price retreated to 1.1392 after release of FOMC minutes before staging a bounce to 1.4144 in Asian morning on Thursday.

Today, investors should pay attention to speeches from several ECB's officials during the European session, these include Peter Praet, Benoit Cur, Ignazio Visco, and Vitor Constancio.

At present, bids are noted at 1.1390-80 and 1.1370-60 with stops below 1.1350, whilst on the upside, offers are reported at 1.1420-30 and then 1.1440-50 with stops above there.
Data to be released on Thursday:

Australia AIG construction index, France exports, imports, trade balance, current account, U.S. initial jobless claims and Canada building permits.

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

AceTraderFx Apr 7: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
07 Apr 2016 08:30GMT

EUR/USD - .......France's trade deficit widened in February to 5.2 billion euros ($5.95 billion), the biggest since August 2014, seasonally adjusted data published today by the customs office.
After a deficit of 3.9 billion euros in January, revised from a preliminary estimate of 3.7 billion, the trade balance deteriorated sharply in February as imports surged on the delivery of inputs for the French car and aerospace industries from abroad, while overall exports dipped.

The trade deficit weighed heavily on the current account, pushing it to a deficit of 3.9 billion euros in February - the biggest since June 2014 - wider than the 2.2 billion in January, the Bank of France said separately. It revised the January deficit from a preliminary estimate of 1.4 billion euros.
The European Central Bank's chief economist Peter Praet said that the negative interest rates will become a worry for banks' business models if they persist for two or three years, if you think about the implications for business models.
The ECB has charged banks for parking money overnight since June 2014, leading to complaints from lenders that their margins are being squeezed because they cannot pass on the charge to their depositors.

ECB is not discussing distributing money directly to citizens in the euro zone, a step known as "helicopter money", this form of monetary easing was first envisaged by U.S. economist Milton Friedman using the metaphor of a flying helicopter dropping money.

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

AceTraderFx Apr 8: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views (USD/JPY)
08 Apr 2016 01:10GMT

USD/JPY - 108.64... Although the greenback accelerated recent losing streak vs the Japanese yen on worries of a slowdown in global economy and fell to a fresh 17-month trough at 107.67 in New York morning on Thursday, short-covering emerged there and later lifted price to 108.46 near New York closing.
Later, the greenback found renewed support at 108.07 and climbed higher to 108.84 in Tokyo morning following verbal warnings by Japanese officials (see our previous MMNs).

Today, U.S. will release Wholesale Inventories and Wholesale Sales data for Feb at 14:00GMT.
Later, Federal Reserve Bank of New York President William Dudley will speak at a mobile classroom run by the American Job Center the tour of The WorkPlace at 15:15GMT.

Although intra-day rise in usd/jpy pair in Tokyo morning suggests consolidation with mild upside bias would be seen in Asia, current decline in Nikkei may limit upside to 109.00 level n yield retreat.
At the moment, bids are reported at 108.60-50 and more at 108.40-30 with stops below 108.20, whilst on the upside, offers are tipped at 108.90-00 and in the region of 109.10-30 with stops above 109.50.

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

AceTraderFx Apr 11: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views
11 Apr 2016 01:03GMT

USD/JPY - ...... Although dlr recovered ahead of Asian open on Monday after extending selloff from Friday's high of 109.10 to 107.83 at New Zealand open, intra-day decline in Nikkei (currently down 224.50 to 15,597) triggered another wave of buying in yen for risk aversion and pressured price lower again to 107.87 in Tokyo morning before moving sideways.

Today, focus in Asian session will be on the speech from Bank of Japan Governor Haruhiko Kuroda who will deliver speech at annual meeting of trust banks at 06:15GMT.
Later, despite the absence of economic reports from U.S., Federal Reserve Bank of Dallas President Robert Kaplan will participate in a moderated question-and-answer session before a community forum hosted by the Federal Reserve Bank of Dallas at 17:00GMT.

At present, offers are reported at 108.10-20 and then 108.30-40 with mixture of offers and stops in the region of 108.60-80.
On the downside, bids are noted ahead of last Thursday's fresh 17-mohth trough at 107.67 with stops below there.
However, buying interest from various accounts are tipped further out in the region of 107.40-20.

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

AceTraderFx Apr 11: Intra-Day Market Moving News and Views (GBP/USD)

Intra-Day Market Moving News and Views
11 Apr 2016 04:03GMT

GBP/USD - ...... The British pound swung widely on Fri as despite staging a strong rebound from 1.4041 to a session high of 1.4142 in Europe, price swiftly retreated to 1.4050 and then climbed back above 1.4100 level to 1.4134 in New York morning, then 1.4135 in New York afternoon.

Cable's intra-day cross-inspired retreat from 1.4129 (AUS) suggests directionless move inside near term range of 1.4005-1.4172 established last Wednesday would continue.
At present, bids are reported at reported at 1.4090-80 and then 1.4070-60 with stops below 1.4050.
Whilst on the upside, offers are noted at 1.4130-40 and more at 1.4150-60 with stops above 1.4170.

Data to be released next week:

Japan machinery orders, China producer price index, consumer price index and Italy industrial output on Monday.

Australia business confidence, business conditions, Japan machine tool orders, Germany CPI, Harmonised index of consumer prices, U.K. retail sales, CPI, retail price index, producer price index, house price index, U.S. export price index, import price index and Redbook index on Tuesday.

Japan corporate good price, Australia consumer confidence, China exports, imports, trade balance, France CPI, Eurozone industrial production, U.K. CB leading economic index, U.S. mortgage application, producer price index, retail sales, business inventories and Canada rate decision on Wednesday.

New Zealand manufacturing PMI, Australia inflation expectation, unemployment rate, employment, full time employment, participation rate, Swiss producer and import prices, Italy CPI, Eurozone CPI, U.K. RICS housing survey, interest rate decision, QE total, MPC vote, U.S. initial jobless claims, CPI and Canada new housing price index on Thursday.

China retail sales, industrial production, GDP, Japan industrial production, capacity utilization, Germany wholesale price index, Italy trade balance, Eurozone trade balance, Canada manufacturing sales, U.S. NY Empire State manufacturing index, industrial production, capacity utilization, the Reuters/University of Michigan consumer sentiment index, net long-term TIC flows and total net TIC flows on Friday.

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

AceTraderFx Apr 12: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views
12 Apr 2016 02:00GMT

USD/JPY - ...... Although the greenback retreated after yesterday's intra-day rebound from a fresh 17-month trough at 107.63 (Asia) to 108.44 in New York morning, renewed buying emerged at 107.79 n price later staged a bounce to 108.13 in New York afternoon, then 108.27 in Tokyo morning on Tuesday as intra-day rise in Nikkei (currently up 104 points to 15,855) improved risk appetites.

Today, U.S. will release its Import Prices n Export Prices for March in New York morning. Having said that, focus of the market will be on the speeches from several Fed's officials later in New York session, they are Philadelphia Fed President Patrick Harker (13:00GMT), San Francisco Fed President John Williams (19:00GMT), and Richmond Fed President Jeffrey Lacker (20:00GMT).

At the moment, offers are noted at 108.30-40 and more at 108.60-70 with stops above 108.90.
On the downside, initial bids are tipped at 107.90-80 and then 107.70-60 with stops below there.

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

AceTraderFx Apr 13: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views
13 Apr 2016 01:18GMT

USD/JPY - ....... The greenback continued to nurse its recent losses against the Japanese yen on Tuesday and rose to 108.79 in New York morning before retreating to 108.44 due to cross-buying in yen versus euro and sterling.

Today, as intra-day rally in Nikkei (currently up 263 points to 16,192) in Tokyo morning has improved risk appetites, suggesting consolidation with mild upside bias would be seen in Asia and early Europe.
However, sharp gain beyond 109.00 level is not likely ahead of the release of important U.S. PPI readings n retail sales reports in New York morning.

At the moment, initial bids are noted at 108.50-40 and more at 108.30-20 with stops below there, whilst offers are reported at 108.90-00 and then 109.10-20 with stops above there.

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