Intra-Day News and Views & data to be released today - USD/JPY
|Intra-Day Market Moving News and Views
Update Time: 20 Jun 2019 03:00GMT
USD/JPY - 107.74.. Dlr tumbled at Tokyo open following o/n selloff in post-FOMC New York session after Fed's dovish tilt and dropped from 108.13 (AUS) to a 5-1/2 month trough of 107.56 after tripping stops below previous June's bottom at 107.82, however, intra-day recovery on short covering ahead of BOJ's monetary policy announcement suggests range trading would be seen.
Having said that, today's break of 107.82 confirms decline from 2019 peak at 112.39 has finally resumed after 2-week of volatile daily swings and further weakness towards projected downside target at 107.30 is envisaged but 107.00/05 should contain weakness.
Offers have been lowered to 107.80/90 with stops above 108.10 while bids are noted at 107.60-50 with stops below 107.30.
Pay attention to BOJ Gov. Kuroda post-BOJ presser at 06:30GMT. U.S. will release weekly jobless claims, current account and Philly Fed survey all at 12:30GMT later today.
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