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

AceTrader Team AceTrader

Intra-Day Market Moving News and Views
15 Oct 2018 03:00GMT

USD/JPY - 112.15.. Dlr swings broadly sideways in directionless Asian trading on Monday. Despite staging a short-covering rebound to 112.50 in early European morning on Friday, price weakened to 111.88 at New York midday but recovered as U.S. stocks pared intra-day losses and recovered near the close.

As Asians stocks are in the red (N225 currently down over 1% at 22449) together with benchmark 10-year U.S. yield (cira 3.15%) trading well below its recent 7-year peak at 3.261%, suggesting downside bias remains for another round of safe-haven yen buying n yields re-test of last Thursday's 3-week low at 111.84 n stops below 111.66 sup are now in focus.
Offers are tipped at 112.30/40 n more above with stops above 112.55/60.
Some bids are noted at 111.90-80 with stops below there.

U.S. will release a slew of eco. data and pay attention to Sep retail sales at 12:30GMT together with New York Fed mfg index and later bus. inventories.

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AceTrader Team

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