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

AceTrader Team AceTrader

Intra-Day Market Moving News and Views
11 Sept 2018 03:00GMT

USD/JPY - 111.39.. Despite intra-day sideways swings in Mon's trading, the pair climbed at Tokyo open on broad-based selling of yen as yesterday's rally in eur/chf cross has boosted risk sentiment, the pair rose to 111.48 after tripping stops above 111.25.

Today break above last Friday's NFP-high at 111.25 suggests upmove from 110.38 has once again resumed and price is en route to 111.83 chart obj. after consolidation, therefore, trading the greenback from long side is recommended n stops above 111.85 are in focus.
Bids have been raised to 111.30-25 with stops below 111.10 whilst some offers are tipped at 111.50/60.

On the data front, U.S. will release some 2nd-tier data starting with Redbook sales, JOLTS job openings and wholesale inventories.

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AceTrader Team

AceTrader

Led by world-renowned technical analyst Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day.

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