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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 154112, member: 22847"] [B]AceTraderFx Oct 19: Intra-Day Market Moving News and Views -USD/JPY[/B] [B]Intra-Day Market Moving News and Views[/B] [B]19 Oct 2018[/B] [I]03:00GMT[/I] USD/JPY - 112.33.. Dlr pares yesterday's loss in early Asian trading due to buying by Japanese imports and then comments by FinMin Aso (see MMN). As yesterday's decline from 112.73 to as low as 111.96 in New York afternoon due to renewed broad-based weakness in U.S. stocks and retreat in U.S. yields suggests early correction from Monday's 4-week bottom at 111.63 has ended and below said New York low would add credence to this view an yield re-test of 111.66. Offers are tipped at 112.40/50 with stops above 112.75. Some bids are noted at 112.10-00 with stops reported below 111.90 and more stops are touted below 111.60. T.G.I.G., BOJ Gov. Kuroda will speak in Tokyo at a banking conference at 06:30GMT, on the U.S. data front, the only eco. data due out is existing home sales. We also have Atlanta's Fed Bostic (voter) speaking at 16:00GMT, then followed by Dallas Fed President Kapan (non-voter) at 16:45GMT. [/QUOTE]
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