Intra-Day Market Moving News and Views
25 Jul 2016 01:42GMT
USD/JPY - Dlr climbed to intra-day high of 106.73 following comments by BoJ Governor over the w/end who reiterated the central bank is not mulling so-called 'helicopter money'. Price opened higher at 106.19 (vs Fri's close at 106.09) and the pair then ratcheted higher in Australia, then in Asia on steady cross-selling in yen before easing.
Looks like another day of broad sideways swings would be seen following dlr's selloff from last Thursday's 6-week high of 107.49 to 105.42 and bids have been raised to 106.30-20 and more below with some stops reported below 106.00, however, good buying interest is touted above 105.50.
On the up side, offers are tipped at 106.70/80 and more above with stops above 107.00.However, more selling interest is noted at 107.20/30, suggesting choppy range trading may well prevail today.
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