Intra-Day market moving news and views
Update Time: 29 Nov 2021 05:30GMT.
USD/JPY - 113.60.. Dlr pares Friday's selloff in Asia on Monday due to bargain hunting by Japanese names after Friday's selloff from 1115.37 (AUS) to a 2-week trough of 113.06 in New York morning on active safe-haven yen buying on the back of falling U.S. yields triggered by market worries over new Covid variant.
As 113.87 has capped recovery, consolidation with downside bias remains and below 113.06 would extend decline from Wednesday's fresh 3-year peak at 115.51 towards next daily obj. at 112.73 (Nov low).
Offers are tipped at 113.80/90 with stops above 114.00 while bids are noted at 113.35-25 and more below with stops below 113.00.
U.S. will release a slew of eco. data and we have also have a number of Fed officials scheduled to speak in NY session. Fed chair J. Powell will give a pre-recorded speech at an event at 20:05GMT.
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