Intra-Day News and Views & data to be released today - USD/JPY
|Intra-Day Market Moving News and Views
Update Time: 12 Jun 2019 03:00GMT
USD/JPY - 108.47.. The pair met renewed buying at Tokyo open at 108.36 and climbed to 108.66 at European open, then later to session highs of 108.80 also at New York open due to active broad-based yen selling, lack of follow-through buying and falling U.S. yields later pushed the pair to 108.44.
Although dlr's rally from last Friday's post-NFP low at 107.89 to 108.80 yesterday suggests further choppy trading above last Wednesday's 5-month trough at 107.82 would continue, subsequent retreat signals consolidation with downside bias remains, below 108.34/36 sup would indicate said correction has ended n may head back towards 107.82.
Offers are tipped at 108.55/65 and more above with stops above 108.80 while bids are noted at 108.40-35 with stop below there.
On the data front, U.S. will release CPI, core CPI, real weekly earnings and then Federal budget.
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.