Intra-Day Market Moving News and Views -USD/JPY

AceTrader Team AceTrader

Intra-Day Market Moving News and Views
13 Dec 2017 03:30GMT

USD/JPY - 113.48.. Dlr moves narrowly in subdued Asian trading after retreating from yesterday's 4-week high of 113.75 as traders are keeping their powder dry ahead of U.S. inflation data and Fed's last rate meeting for the year.

Despite intra-day gain above Monday's 113.69 high to 113.75 due broad-based usd's strength n rising U.S. yields, profit taking quickly knocked price down to 113.38 and dlr later moved narrowly for rest of New York afternoon session.

Range trading is expected until European open with offers tipped at 113.65/75 and more at 113.90 with stops above 114.00.
Bids are noted at 113.40-30 with stops below below 113.20.

BoJ Gov. Kuroda will deliver a speech at an event in Tokyo at 09:00GMT.

U.S. will release key CPI data for Nov, weekly earning n then at 19:00GMT, Ded will announce its rate decision as well as Fed eco. projection. Last but not release, Fed Chair Yellen will make her final post-Fed press conference at 19:30GMT.

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