Intra-Day Market Moving News and View
Update Time: 11 Dec 2020 05:30GMT
USD/JPY - 104.00.. Despite extending recent erratic rise from last week's low at 103.68 to an 8-day high of 104.57 in European morning Thursday, the Japanese yen caught a bid in NY session n knocked price to 104.18 in late New York trade.
Dlr easily penetrated said Thursday's low at Asian open on Fri due to another bout of yen buying n fell to 103.93. As price is likely to remain confined inside recent broad range of 103.66-104.75, near term oversold condition would keep price above lower indicated level. For now.
Offers are tipped at 104.10/20 whilst bids are noted at 103.75/70 with stops reported below 103.65.
T.G.I.F., U.S. will later release PPI, core PPI then University of Michigan consumer confidence.
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