Intra-Day Market Moving News and Views -USD/JPY
|Intra-Day Market Moving News and Views
11 Sept 2018 03:00GMT
USD/JPY - 111.39.. Despite intra-day sideways swings in Mon's trading, the pair climbed at Tokyo open on broad-based selling of yen as yesterday's rally in eur/chf cross has boosted risk sentiment, the pair rose to 111.48 after tripping stops above 111.25.
Today break above last Friday's NFP-high at 111.25 suggests upmove from 110.38 has once again resumed and price is en route to 111.83 chart obj. after consolidation, therefore, trading the greenback from long side is recommended n stops above 111.85 are in focus.
Bids have been raised to 111.30-25 with stops below 111.10 whilst some offers are tipped at 111.50/60.
On the data front, U.S. will release some 2nd-tier data starting with Redbook sales, JOLTS job openings and wholesale inventories.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.