Update Time: 18 Jun 2021 09:30GMT
USD/JPY - 110.15
Dollar's rally yesterday after Fed's hawkish hold and then break of previous June's 110.33 high to 110.71, then 110.82 in Asia today suggests early correction from March's 1-year 110.96 peak has ended at 107.49 in April, above extends uptrend from 2021 January's 102.60 trough to 111.60/70 b4 prospect of correction.
On the downside, only a daily close below 110.33 may risk stronger retracement to 109.81/85.
T.G.I.F. n no U.S. eco. data is due out, so market will take cue from movement in U.S. yields n intra-day price swings in U.S. stocks as 'volatility' is expected on today so-called 'quadruple witching' day due to expiries of stock index futures, stock index options, stock options n lastly, single stock futures.
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.