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Intraday news and views – USD/JPY

Intraday market moving news and views – USD/JPY

USD/JPY outlook - 134.68

Dlr's intra-day rise on news of more BOJ's bond buying programme and then brief break of New York 134.69 top suggests pullback from Monday's 24-year peak at 135. 22 has ended, above 135.22 needed to extend uptrend to 135.50, possibly towards 135.73 later today.

Remain as cautious buyer for 134.95 as only below 134.10/14 signals top, risks 133.88.

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AceTrader Team

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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