Intra-Day News and Views & data to be released today- USD/JPY

AceTrader Team AceTrader

Intra-Day Market Moving News and Views
Update Time: 18 Feb 2019 03:00GMT

USD/JPY - 110.50... The greenback found renewed buying in New Zealand at 110.40 after a retreat in late New York on comments from Fed's Daly and rebounded to 110.58 ahead of Tokyo open and continues to trade with a firm bias due to the initial rise in Nikkei index.

Dlr's early rebound from Friday's low at 110.26 suggests decline from last Thursday's 111.13 top has made a temp. low. therefore consolidation with mild upside bias would be seen.

Orderbook remains light as U.S. markets will be closed today for President's Day holiday.
Offers are now raised to 110.60/70 n more above at 110.80/90 with stops building up above there whilst initial bids are noted at 109.90/00.

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AceTrader Team

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