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 Jan2022 05:30GMT.

USD/JPY - 113.80.. Dlr remained on the back foot in hectic Asian trading on Fri, despite staging a recovery fm Thur's 3-week low at 114.01 (NY) to 114.22 in Australia, the pair came under renewed selling due to safe-haven yen buying on the back of intra-day weakness in Asian stocks following o/n decline in U.S. equities, price penetrated 114.01 to 113.75 ahead of Tokyo lunch break.

Despite intra-day resumption of recent decline, loss of downward momentum should prevent steep fall n expect 113.15 sup to hold. Offers are tipped at 114.10/20 with stops abv 114.40 while some bids are noted at 113.75/65 with some stops below 113.50.

T.G.I.F., US will later release a slew of eco. data and 2 Fed officials are also to speak in NY morning. Pat attention to retail sales n University of Michigan consumer confidence, if actual readings come in stronger than street forecast, this may well trigger a pre-weekend short covering rebound in the greenback.

Author

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.

EUR/USD weakens to near 1.1900 as traders eye US data

EUR/USD eases to near 1.1900 in Tuesday's European trading hours, snapping the two-day winning streak. Markets turn cautious, lifting the haven demand for the US Dollar ahead of the release of key US economic data, including Retail Sales and ADP Employment Change 4-week average.

GBP/USD stays in the red below 1.3700 on renewed USD demand

GBP/USD trades on a weaker note below 1.3700 in the European session on Tuesday. The pair faces challenges due to renewed US Dollar demand, UK political risks and rising expectations of a March Bank of England rate cut. The immediate focus is now on the US Retail Sales data.

Gold sticks to modest losses above $5,000 ahead of US data

Gold sticks to modest intraday losses through the first half of the European session, though it holds comfortably above the $5,000 psychological mark and the daily swing low. The outcome of Japan's snap election on Sunday removes political uncertainty, which along with signs of easing tensions in the Middle East, remains supportive of the upbeat market mood. This turns out to be a key factor exerting downward pressure on the safe-haven precious metal.

Bitcoin Cash trades lower, risks dead-cat bounce amid bearish signals

Bitcoin Cash trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.

Follow the money, what USD/JPY in Tokyo is really telling you

Over the past two Tokyo sessions, this has not been a rate story. Not even close. Interest rate differentials have been spectators, not drivers. What has moved USD/JPY in local hours has been flow and flow alone.

Bitcoin Cash trades lower, risks dead-cat bounce amid bearish signals

Bitcoin Cash (BCH) trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.