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

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

Intra-Day Market Moving News and Views
28 Dec 2017 04:00GMT

USD/JPY - 113.16.. Dlr remains on the back foot in subdued Asian trading after yesterday's lackluster session. Despite swings broadly sideways inside a tight range of 113.15-113.38, renewed broad-based usd's weakness in New York session following release of downbeat U.S. consumer confidence (December index hit a fresh 1-year low) and falling U.S. yields later pressured price in New York afternoon.

Range trading is likely to continue with bids noted at 113.15-10 with stops reported below 113.00.
Offers are tipped at 113.40-45 and more above with stops above 113.65.

U.S. eco. calendar is pretty light with weekly jobless claims and Chicago PMI being the only data due out, however, if the latter comes in lower than forecast, then usd may come under further selling pressure.

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