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

AceTrader Team AceTrader

Intra-Day Market Moving News and Views
Update Time: 15 Apr 2019 03:00GMT

USD/JPY - 112.00.. The pair maintains a firm undertone in early Asian trading following Friday's resumption of recent upmove to a 4-week high of 112.09 in New York as rebound in U.S. yields together with strong performance in U.S. stocks boosted risk appetite and led to broad-based selling in the safe-haven yen.

Dlr's intra-day strength vs the yen only but weak against its other G7 peers suggests price would penetrate 2019 peak at 112.14 (March) soon where a break there would encourage for subsequent headway towards 112.67.
Bids are noted at 111.90-80 and more below with stops touted below 111.55 whilst offers are tipped at 112.10/15 with stops reported above 112.15/20.

The U.S. economic calendar is very light today with New York Fed mfg index for April being the only data due out at 12:30GMT.
We also have Chicago Fed President Evans (voter) appears on CNBC's "Squawk Box" at 12:30GMT and again at 17:00GMT where he is scheduled speak before the New York Association for Business Economics.

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AceTrader Team

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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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