Intra-Day Market Moving News and Views
Update Time: 24 Apr 2019 03:00GMT
USD/JPY - 111.89.. The pair continues to move in familiar territory as earlier attempt to trade above the 112.00 handle failed, suggesting further sideways swings are in store before prospect of a resumption of recent upmove.
Despite yesterday's rise from Asian low at 111.66 to session highs of 112.03 due to renewed usd's strength in early New York trading, intra-day broad-based retreat in the greenback on profit taking knocked price back down to 111.76. Although buying emerged at Tokyo open and lifted price to 111.98, dlr eased ahead of Tokyo lunch break. Anyway, as dlr is expected to find buying interest on dips after the dlr index hit a 22-month high yesterday, trading the buck from long side for re-test of April's 112.17 top, then 112.40/45 is recommended.
Bids are noted at 111.80-70 with stops touted below 111.60 whilst a offers are tipped at 112.10/15 with stops reported above 112.20.
U.S. eco. calendar is very thin with MBA mortgage applications being the only data due out.
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