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

AceTrader Team AceTrader

Intra-Day Market Moving News and Views
14 Jan 2019 03:00GMT

USD/JPY - 108.41.. Dlr moves relatively narrowly in subdued Asian trading (Japanese financial markets are closed for Coming-of-age holiday) after Friday's rally from 108.15 to 108.60 in hectic New York morning due to renewed usd's strength triggered by intra-day selloff in the eur/usd.

Although price edged higher to 108.57 in New Zealand on renewed weakness in eur/usd, selling interest at 108.60 capped intra-day gain and price has inched lower in Asian morning, indicating range trading is in store until European open, anticipated usd's strength suggests buy the greenback on dips is favoured.
Bids are noted at 108.25-15 with stops below 108.00.
Offers are tipped at 108.55/60 with stops above there.

U.S. eco. calendar is very thin today and a slew of data may be released (delay due to govt. shut down).

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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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