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

AceTrader Team AceTrader

Intra-Day Market Moving News and Views
19 Apr 2018 03:00GMT

USD/JPY - 107.44.. Dlr rose ahead of Tokyo open in active trading on Thursday as rising U.S. Treasury yields
(benchmark 10-year yield hits 3-week high of 2.876%) and USD's firmness in New York session boosted risk sentiment and led to renewed broad-base yen selling, the air early penetrated yesterday's 107.39 to 107.52 after tripping some stops above 107.40.

Looks like intra-day upside bias remains especially if the greenback gain vs its G7 peers, so buying on dips is favoured.
Bids are noted at 107.40-30 with stops below 107.00.
Offers are tipped at 107.50/60 with stops reported above 107.80 and more above 108.00.

ON the data front, U.S. will release weekly jobless claims, Philly Fed survey n leading indicators. More Fed officials are due to speak later today starting with Fed's Brainard n then testimony b4 the Senate Banking Committee by Fed's Quarles.

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AceTrader Team

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