Intra-Day Market Moving News and Views
Update Time: 21 Sept 2020 05:30GMT
USD/JPY - 104.35... The greenback met renewed selling at 104.86 in Asia on Friday and dropped to a 6-week low at 104.28 in European morning on active safe-haven buying in jpy together with weakness in U.S. Treasury yields. Despite staging a short-covering rebound to 104.63 in New York afternoon, the pair came under selling pressure in New Zealand today and retreated again to 104.35 in Asian morning.
Dollar's weakness after Friday's fall to a 6-week trough at 104.28 suggests re-test of daily support at 104.19 would be seen after consolidation, break there would signal erratic decline form 109.94 (Jun) has once again resumed and extend to 103.90/00.
Offers are now seen at 104.50/60 and more above at 104.70/80 with stops building up above there whilst initial bids are noted at 103.70/80.
Data to be released today
Japan market holiday, UK Rightmove house price.
U.S. national activity index and Canada new housing index on Monday.
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