Intra-Day News and Views & data to be released today- USD/JPY
|Intra-Day Market Moving News and Views
Update Time: 18 Feb 2019 03:00GMT
USD/JPY - 110.50... The greenback found renewed buying in New Zealand at 110.40 after a retreat in late New York on comments from Fed's Daly and rebounded to 110.58 ahead of Tokyo open and continues to trade with a firm bias due to the initial rise in Nikkei index.
Dlr's early rebound from Friday's low at 110.26 suggests decline from last Thursday's 111.13 top has made a temp. low. therefore consolidation with mild upside bias would be seen.
Orderbook remains light as U.S. markets will be closed today for President's Day holiday.
Offers are now raised to 110.60/70 n more above at 110.80/90 with stops building up above there whilst initial bids are noted at 109.90/00.
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.