Intra-Day Market Moving News and Views
Update Time: 10 Sept 2019 03:00GMT
USD/JPY - 107.40.. Dlr continues its recent winning streak in Asia n hits a 5-week high of 107.49 as rising U.S. yields triggered a bout of broad-based yen selling at Asian open.
Despite intra-day break of Monday's high at 107.26 (New York) to 107.49, present retreat suggests range trading is likely to be seen, a firm break of 107.19 (low in Australia) would be the 1st signal temp. top is made and yields stronger retracement to 106.93 (New York low).
Offers are tipped at 106.45/50 with stops above 107.60 while some bids are noted at 107.25-20 and more below with stops below 106.90.
U.S. eco. calendar is pretty light today with Redbook sales and JOLTS job openings being the only data due out.
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.