Intra-day news and views and data to be released today – USD/JPY

AceTrader Team AceTrader

Intra-Day Market Moving News and View

Update Time: 19 Jan 2021 05:30GMT

USD/JPY - 103.71.. Despite extending Friday's intra-day gain in New York session to 103.93 at Asian open due to a bout of broad-based usd's buying following WSJ report which came out in New Zealand morning that incoming U.S. Treasury Secretary Janet Yellen (former Fed Chief) will reaffirm U.S. commitment to maintain a market-driven usd policy and not a weaker greenback to boost trade, the pair quickly pared initial gain on renewed cross-buying of yen n retreated to 103.70.

Last week's decline from Monday's 4-week peak at 103.53 (Wednesday) n subsequent daily swings suggests further choppy sideways swings are in store n as long as 104.19 (Wed's high) holds, downside bias remains.
Offers are tipped at 103.90/00 with stops touted above 104.20 while some bids are noted at 103.70/60 with stops reported below 103.50.

No U.S. ecoi. data is due out today as most U.S. financial markets are closed for Martin Luther King Jr. Day holiday.

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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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