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.
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.