Intra-Day Market Moving News and Views
Update Time: 21 Aug 2019 03:00GMT
USD/JPY - 106.47.. Dlr continues to move in familiar territory after swinging broadly sideways in directionless Tuesday's session. Despite moving narrowly in Asia yesterday, failure to re-test Monday's 106.69 high prompted selling on the dlr, price later hit session lows of 106.17 in New York due partly to falling U.S. yields before a brief recovery to 106.46 and then retreated to 106.20 ahead of NY close.
Although price has rebounded ahead of Tokyo lunch session on a boot of yen selling in Asia, sideways swings are expected to continnue. Offers are tipped at 106.60/70 with stops above there while bids are noted at 106.25-15 with stops below 106.00.
U.S. eco. calendar is very light with existing home sales for Jul, however, pay attention to release of last FOMC minutes at 18:00GMT which is likely to move price a bit
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