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

AceTrader Team AceTrader

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.

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 makes a U-turn, focus on 1.1900

EUR/USD’s recovery picks up further pace, prompting the pair to retarget the key 1.1900 barrier amid further loss of momentum in the US Dollar on Wednesday. Moving forward, investors are expected to remain focused on upcoming labour market figures and the always relevant US CPI prints on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.