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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 137163, member: 22847"] [B]AceTraderFx Oct 10: Intra-Day Market Moving News and Views -USD/JPY[/B] [B]Intra-Day Market Moving News and Views 10 Oct 2017[/B] [I]02:20GMT[/I] USD/JPY - 112.63.. Despite yeterday's quiet move in Asia due to market holiday in Japan, the pair sprung to life and briefly jumped to intra-day high of 112.83 on dovish comments by BoJ Governor Kuroda (he actually said nothing new), price quickly retreat due to renewed broad-based usd's weakness. Looks like choppy sideways swings would continue but as dlr's decline from 113.44 (Friday) to 112.33 initially in Australia yesterday signals recent upmove has made a temp. top there, consolidation with downside bias is seen. Offers are tipped at 112.80/00 area with some stops above there. Initial bids are noted at 112.505-50 and more below with fairly large stops touted below 112.20. Although U.S. markets will re-open later today after Mon's Columbus Day holiday, U.S. eco. calendar is very light with Redbook retail sales being the only data due out. Pay some attention to speech by Minneapolis Fed President Kashari at 16:00GMT. [/QUOTE]
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