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

AceTrader Team AceTrader

Intra-Day Market Moving News and Views
Update Time: 20 Jun 2019 03:00GMT

USD/JPY - 107.74.. Dlr tumbled at Tokyo open following o/n selloff in post-FOMC New York session after Fed's dovish tilt and dropped from 108.13 (AUS) to a 5-1/2 month trough of 107.56 after tripping stops below previous June's bottom at 107.82, however, intra-day recovery on short covering ahead of BOJ's monetary policy announcement suggests range trading would be seen.

Having said that, today's break of 107.82 confirms decline from 2019 peak at 112.39 has finally resumed after 2-week of volatile daily swings and further weakness towards projected downside target at 107.30 is envisaged but 107.00/05 should contain weakness.
Offers have been lowered to 107.80/90 with stops above 108.10 while bids are noted at 107.60-50 with stops below 107.30.

Pay attention to BOJ Gov. Kuroda post-BOJ presser at 06:30GMT. U.S. will release weekly jobless claims, current account and Philly Fed survey all at 12:30GMT later today.

Author

AceTrader Team

AceTrader

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.

EUR/USD looks offered below 1.1900

EUR/USD keeps its bearish tone unchanged ahead of the opening bell in Asia, returning to the sub-1.1900 region following a firmer tone in the US Dollar. Indeed, the pair reverses two consecutive daily gains amid steady caution ahead of Wednesday’s key US Nonfarm Payrolls release.

GBP/USD slips back to daily lows near 1.3640

GBP/USD drops to daily lows near 1.3640 as sellers push harder and the Greenback extends its rebound in the latter part of Tuesday’s session. Looking ahead, the combination of key US releases, including NFP and CPI, alongside important UK data, should keep the pound firmly in focus over the coming days.

Gold the battle of wills continues with bulls not ready to give up

Gold remains on the defensive and approaches the key $5,000 region per troy ounce on Tuesday, giving back part of its recent two day. The precious metal’s pullback unfolds against a firmer tone in the US Dollar, declining US Treasury yields and steady caution ahead of upcoming key US data releases.

Bitcoin's downtrend caused by ETF redemptions and AI rotation: Wintermute

Bitcoin's (BTC) fall from grace since the October 10 leverage flush has been spearheaded by sustained ETF outflows and a rotation into the AI narrative, according to Wintermute.

Dollar drops and stocks rally: The week of reckoning for US economic data

Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.

XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.