Intra-day news and views and data to be released today – USD/JPY
|Intra-Day Market Moving News and Views
Update Time: 21 Sept 2020 05:30GMT
USD/JPY - 104.35... The greenback met renewed selling at 104.86 in Asia on Friday and dropped to a 6-week low at 104.28 in European morning on active safe-haven buying in jpy together with weakness in U.S. Treasury yields. Despite staging a short-covering rebound to 104.63 in New York afternoon, the pair came under selling pressure in New Zealand today and retreated again to 104.35 in Asian morning.
Dollar's weakness after Friday's fall to a 6-week trough at 104.28 suggests re-test of daily support at 104.19 would be seen after consolidation, break there would signal erratic decline form 109.94 (Jun) has once again resumed and extend to 103.90/00.
Offers are now seen at 104.50/60 and more above at 104.70/80 with stops building up above there whilst initial bids are noted at 103.70/80.
Data to be released today
Japan market holiday, UK Rightmove house price.
U.S. national activity index and Canada new housing index on Monday.
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.