Intra-Day Market Moving News and Views
31 Oct 2014 09:42GMT
USD/JPY - ...... Dlr's trades near intra-day 6-1/2 year high of 111.66 as market euphoria of heavy yen selling (Nikkei closed up 755 points at a 7 year peak of 16413 and current N225 futures are 230 points higher in Europe) after BoJ's surprise stimulus measures continued into European session.
Despite a brief pullback from 111.53 to 111.02, another wave of buying emerged and pushed price to fresh high.
Looks like intra-day resumption of uptrend shows no sign of waning anytime soon, so buying dlr on dips with stops of your own choice is the way to go, offers (what offers) at various levels have been absorbed.
Bids are noted at 111.10/00, so as long as this sup area holds, further highs are expected later in the day.
Earlier Japan FinMin Aso said:
'highly welcome BoJ Kuroda's policy decision;
BoJ's additional easing will support Japan's economy;
yen weakening has some positive effect;
has some different effect on imports.'
31 Oct 2014 09:42GMT
USD/JPY - ...... Dlr's trades near intra-day 6-1/2 year high of 111.66 as market euphoria of heavy yen selling (Nikkei closed up 755 points at a 7 year peak of 16413 and current N225 futures are 230 points higher in Europe) after BoJ's surprise stimulus measures continued into European session.
Despite a brief pullback from 111.53 to 111.02, another wave of buying emerged and pushed price to fresh high.
Looks like intra-day resumption of uptrend shows no sign of waning anytime soon, so buying dlr on dips with stops of your own choice is the way to go, offers (what offers) at various levels have been absorbed.
Bids are noted at 111.10/00, so as long as this sup area holds, further highs are expected later in the day.
Earlier Japan FinMin Aso said:
'highly welcome BoJ Kuroda's policy decision;
BoJ's additional easing will support Japan's economy;
yen weakening has some positive effect;
has some different effect on imports.'
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