Intra-Day Market Moving News and Views
Update Time: 12 Jun 2019 03:00GMT

USD/JPY - 108.47.. The pair met renewed buying at Tokyo open at 108.36 and climbed to 108.66 at European open, then later to session highs of 108.80 also at New York open due to active broad-based yen selling, lack of follow-through buying and falling U.S. yields later pushed the pair to 108.44.

Although dlr's rally from last Friday's post-NFP low at 107.89 to 108.80 yesterday suggests further choppy trading above last Wednesday's 5-month trough at 107.82 would continue, subsequent retreat signals consolidation with downside bias remains, below 108.34/36 sup would indicate said correction has ended n may head back towards 107.82.
Offers are tipped at 108.55/65 and more above with stops above 108.80 while bids are noted at 108.40-35 with stop below there.

On the data front, U.S. will release CPI, core CPI, real weekly earnings and then Federal budget.

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