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

AceTrader Team AceTrader

Intra-Day Market Moving News and Views
Update Time: 19 Aug 2019 03:00GMT

USD/JPY - 106.28.. A sense a relative calmness has returned at the start of a new trading after a tumultuous week where the greenback swung wildly after hitting a fresh 7-week trough of 105.06 last Monday.

Despite Friday's intra-day gain to 106.49 in Europe, subsequent retreat to 106.21 in New York, then initial bounce to 106.48 in New Zealand today and present pullback suggests range trading is in store with a neutral bias, so traders should sell dlr on further rise as last week's high at 106.97 should remain intact whilst near term good sup area at 105.66/71 is likely to contain weakness.
Offers are tipped at 106.45/50 with stops above 106.80 while bids are noted at 106.20-10 with stops below 106.00.

As no U.S. eco. data is due out, traders need to take cue from intra-day price move in U.S. yields n then U.S. stocks later today.

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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.

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