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

AceTrader Team AceTrader

Intra-Day Market Moving News and Views

Update Time: 14 Feb 2020 04:30GMT

USD/JPY - 109.80.. Dlr maintains a relatively steady posture in subdued Asian morning on Friday after yesterday's volatile swings. Despite Thursday's intra-day fall from 110.09 (AUS) to 109.81 ahead of Tokyo open on safe-haven yen buying after China reported a sharp jump in coronavirus cases under a new method, then to session lows of 109.63 in Europe, rebound in U.S. yields as well as renewed usd's broad-based strength lifted price back to 109.86 near New York midday.

Although decline from 110.13 (Wednesday) suggests price is not ready to re-test Jan's 7-1/2 month peak at 110.28, as long as 109.54 sup holds, daily upside bias remains.
Bids are noted at 109.70-65 with stops below 109.50 and offers are tipped at 110.00/10 with stops reported above 110.30.

T.G.I.F., BOJ Deputy Gov. Amamiya is scheduled to speak at a seminar organised by Tokyo Stock Exchange at 10:00GMT. U.S. will release a slew of eco. data (see our EI page for details), pay attention to release of key U.S. Jan's retail sales at 13:30GMT and then University of Michigan consumer confidence at 15:00GMT.
Cleveland Fed President Mester (FOMC voter) will speak at a financial event in Florida at 16:45GMT.

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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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