Intra-Day News and Views & data to be released today - USD/JPY
|Intra-Day Market Moving News and Views
Update Time: 10 Sept 2019 03:00GMT
USD/JPY - 107.40.. Dlr continues its recent winning streak in Asia n hits a 5-week high of 107.49 as rising U.S. yields triggered a bout of broad-based yen selling at Asian open.
Despite intra-day break of Monday's high at 107.26 (New York) to 107.49, present retreat suggests range trading is likely to be seen, a firm break of 107.19 (low in Australia) would be the 1st signal temp. top is made and yields stronger retracement to 106.93 (New York low).
Offers are tipped at 106.45/50 with stops above 107.60 while some bids are noted at 107.25-20 and more below with stops below 106.90.
U.S. eco. calendar is pretty light today with Redbook sales and JOLTS job openings being the only data due out.
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