Intra-Day Market Moving News and Views
21 Apr 2017 01:05GMT
USD/JPY - Dlr maintains a firm undertone after yesterday's cross-inspired rally from 108.72 (Europe) to 109.48 in New York n as intra-day weakness in eur/usd has led to broad-based usd strength, the pair may edge higher as o/n rally rally in the Dow ( DJI close up 174 points at 20578 ) and rebound in U.S. Treasury yields have boosted risk sentiment.
Bids are noted at 109.10-00 and more below with stops reported below 108.70.
Offers are tipped at 109.40/50 with stops above there.
However, more selling interest is noted at 109.80/90 with stops above 110.00.
U.S. will release Markey mfg and services PMIs and existing home sales later today.
G20 FinMins and central bank governors will start a 2-day meeting in Washington.
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