Intra-Day News and Views and data to be released today - USD/JPY
|Intra-Day Market Moving News and Views
Update Time: 30 Jan 2020 04:30GMT
USD/JPY - 108.94.. Dlr remains under pressure in early Asian trading due to return of risk-off trade after staging a intra-day bounce from 108.99 in New York morning to 109.25 in post-FOMC trading. Traders citing dlr's weakness after Fed Chair J. Powell's comments at post-FOMC presser who expressed concerns on the negative impact of the coronavirus, his remarks led to intra-day selloff in US yields where the benchmark 10-year fell from 1.667% to as low as 1.579%, just above its 3-month bottom at 1.57% hit earlier on Tuesday.
Intra-day weakness to 108.91 on renewed safe-haven yen buying suggests recovery from Monday's 2-week low at 108.74 has ended y'day at 109.26 (AUS) and stops below 108.70 are now in focus.
Offers have been lowered to 109.05/15 and more above with stops reported above 109.30.
BOJ Deputy Gov. Amamiya will be delivering a speech at Jiji news agency's seminar un Tokyo at 07:00GMT. Later, U.S. will release a slew of eco. data at 13:30GMT, pay attention to Q4 core PCE n PCE prices, Q4 advance GDP n Deflator n weekly jobless claims.
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