Intra-Day Market Moving News and Views
20 Apr 2018 03:00GMT
USD/JPY - 107.63.. Dlr ratcheted higher shortly after Tokyo open due to renewed usd's strength following yesterday's gain in New York session on rising U.S. yields, the benchmark 10-year yield climbed to near 1-month high of 2.934%).
Intra-day break of yesterday's 107.52 to 107.70 suggests price is en route to re-test last Friday's 6-week high of 107.78 after consolidation, break there would encourage for gain to next daily chart obj. at 107.90 but reckon 108.29 (February's low, now res) would cap upside and beware of profit taking ahead of the weekend.
Bids are noted at 107.50-40 and more below with stops reported below 107.20.
Offers are tipped at 107.70/80 with stops touted above 108.00.
No U.S. eco. data is due out but one can pay attention to more speeches by Fed officials (Fed's Evans and Fed's Williams) as well as sporadic comments by CB governor and officials who are attending the 3-day IMF/World Bank Annual Meeting.
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