Intra-Day Market Moving News and Views -USD/JPY
|Intra-Day Market Moving News and Views
22 Jan 2018 03:00GMT
USD/JPY - 110.78.. Despite initial lower open on Monday to 110.53 due to usd's broad-based weakness following U.S. govt. shutdown, the pair edged higher in Tokyo trading as the greenback pared intra-day losses, present rising U.S. yields where benchmark 10-year rose above Friday's 3-1/2 year high of 2.663% to 2.672% also lends sup to the buck.
Looks like range trading above Friday's 110.49 low would continue until European open.
Bids are noted at 110.60-50 with stops building sup below last week's low at 110.20, however, there is market chatter of option defence at 110.00.
Offers are tipped at 111.85/95 with stops above 111.0, more stops are reported above 111.20.
U.S. eco. calendar is pretty light with Chicago Fed National Activity index being the only data due out but market may pay attention to vote outcome of the stopgap spending measure by the Senate which has been rescheduled to 17:00GMT later today.
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