Intra-Day News and Views & data to be released today - USD/JPY
Intra-Day Market Moving News and Views
Update Time: 09 Dec 2019 04:30GMT
USD/JPY - 108.58.. Asian traders who did not follow the N. American market will be forgiven to think Fri's U.S. jobs data must be soft as current price is trading below Fri's Asian range of 108.66-78.
Who would have guessed the greenback jumped from 108.53 to 108.91 after blowout U.S. non-farm payrolls but only to erase intra-day gains n later tumbled to 108.53 after U.S. Economic Advisor Kudlow's mildly downbeat comments on latest U.S.-China trade talks. Intra-day softness after early release of upbeat Japan's Q3 GDP suggests downside bias remains for re-test of last week's low at 108.44 (Wednesday), break would extend decline from last Monday's 6-month peak at 109.72 to 108.25 but reckon Nov's low at 107.90 would hold.
Offers are tipped at 108.70/80 with stops above 109.00 whilst bids are seen at 108.55-8 with stops below 108.40 and more below 108.25.
After Friday's release of monthly blockbuster U.S. jobs data, no economic indicator is due out today.
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