Intra-Day Market Moving News and Views
Update Time: 27 Jun 2019 03:00GMT
USD/JPY - 107.77.. Dlr regained traction in Wed's session, price met renewed buying at 107.11 (AUS) and climbed to 107.50, then 107.84 in New York session due to market optimism on forthcoming U.S./China trade talk in G20 meeting, rising U.S. treasury yields also supported the pair.
Despite initial pullback to 107.66 in early Tokyo trading, price edged higher after BOJ Deputy Gov's Wakatabe's comments. Although the upmove from Tuesday's fresh 5-1/2 month low at 106.79 suggests recent downtrend has made a temp. bottom, as long as 107.82/84 holds, consolidation with downside bias remains.
Offers are tipped at 107.80/84 with some stops above there, more stops are touted above 108.10.
Bids are noted at 107.60-50 with stops below 107.40.
U.S. will release a slew of eco. data starting with initial jobless claims, final Q1 GDP, core PCE Q1 final, pending home sales n Kansas City mfg index.
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