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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 127783, member: 22847"] [B]AceTraderFx May 15: Intra-Day Market Moving News and Views -USD/JPY[/B] [B]Intra-Day Moving News and Views 15 May 2017[/B] [I]02:19GMT[/I] USD/JPY - 113.34.. Dlr pares initial weakness at Monday's open and staged a modest bounce to 113.46 in Asian morning. Although price fell as expected in New Zealand following Sunday's missile test by North Korea to 113.13, lack of follow-through selling quickly lifted the pair and dlr edged high at Tokyo open and climbed to 113.46 b4 easing. Looks like range trading is in store, however, Friday's intra-day selloff to 113.20 in New York morning following soft U.S. data together with falling US Treasury yields and soft Nikkie (N225 is currently in the red, down 33 points) suggests downside bias remains for weakness to 113.00/05. Offers are tipped at 113.45/55 and more above with stops above 113.70, more stops are reported above 114.05. Bids are noted at 113.15-05 with stops below 113.00. Later in the day, U.S. will release New York Fed mfg. index n then NAHB housing index. [/QUOTE]
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