Intra-Day Market Moving News and Views - USD/JPY
|Intra-Day Market Moving News and Views
14 Jan 2019 03:00GMT
USD/JPY - 108.41.. Dlr moves relatively narrowly in subdued Asian trading (Japanese financial markets are closed for Coming-of-age holiday) after Friday's rally from 108.15 to 108.60 in hectic New York morning due to renewed usd's strength triggered by intra-day selloff in the eur/usd.
Although price edged higher to 108.57 in New Zealand on renewed weakness in eur/usd, selling interest at 108.60 capped intra-day gain and price has inched lower in Asian morning, indicating range trading is in store until European open, anticipated usd's strength suggests buy the greenback on dips is favoured.
Bids are noted at 108.25-15 with stops below 108.00.
Offers are tipped at 108.55/60 with stops above there.
U.S. eco. calendar is very thin today and a slew of data may be released (delay due to govt. shut down).
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.