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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 141050, member: 22847"] [B]AceTraderFx Dec 27: Intra-Day Market Moving News and Views -USD/JPY [/B] [B]Intra-Day Market Moving News and Views[/B] [B]27 Dec 2017[/B] [I]03:30GMT[/I] USD/JPY - 113.26.. Dlr is trading roughly at the same level this time yeserday after intra-day swings in New York session. Although price moved narrowly in Boxing Day in Tokyo trading after showing muted reaction to a slight rise in Japan's CPI date, price weakened to session lows of 113.13 in New York morning due to falling U.S. yields, short covering later lifted the pair near the close. Despite initial gain to 113.36 in thin post-holiday trading at Tokyo open, price then eased on lack of follow-through buying. Looks like range trading is in store probably until NY open but as long as yesterday's 113.13 holds, consolidation with upside bias is still envisaged. Bids are noted at 113.20-10 with stops reported below 113.00. Offers are tipped at 113.35-45 with stops above 113.50, more stops are touted above 113.75. U.S. will release Redbook retail sales n then pending home sales later in the day. [/QUOTE]
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