Intra-day news and views and data to be released today – USD/JPY
|Intra-Day Market Moving News and View
Update Time: 11 Dec 2020 05:30GMT
USD/JPY - 104.00.. Despite extending recent erratic rise from last week's low at 103.68 to an 8-day high of 104.57 in European morning Thursday, the Japanese yen caught a bid in NY session n knocked price to 104.18 in late New York trade.
Dlr easily penetrated said Thursday's low at Asian open on Fri due to another bout of yen buying n fell to 103.93. As price is likely to remain confined inside recent broad range of 103.66-104.75, near term oversold condition would keep price above lower indicated level. For now.
Offers are tipped at 104.10/20 whilst bids are noted at 103.75/70 with stops reported below 103.65.
T.G.I.F., U.S. will later release PPI, core PPI then University of Michigan consumer confidence.
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.