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

Intra-Day Market Moving News and Views
Update Time: 23 Apr 2019 03:00GMT

USD/JPY - 111.78.. The re-opening of all Asian market after a 4-day long Easter holiday for some centres (H.K. for instance) has brought volatilty back in early Asian trading on Tue. 

Dlr came under pretty heavy selling shortly after Tokyo open and fell from 111.97 to 111.66 due to broad-based yen buying, traders cited stops below 111.75/70 were triggered, however, dovish comments by BOJ's Maeda before the parliament (see previous update for details) contained intra-day weakness n the pair has inched higher on short covering. 

Range trading is in store until European open n as the greenback remains bid vs its other G7 counterparts, the pair may later ratchet higher in European morning. 
Bids are noted at 111.70-65 with stops below 111.50 whilst offers are tipped at 111.95/00 with stops above 112.20.0 

U.S. will release a slew if eco. data later in the day, please refer to our EI section for details.