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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 190016, member: 22847"] [B]AceTraderFx Jan [COLOR="darkred"] [B]Jan 12[/B]:[B] [/B][/COLOR]Intra-Day News and Views & data to be released today – USD/JPY Intra-Day Market Moving News and View[/B] Update Time[B]: 12 Jan 2021 [/B][I]05:30GMT[/I] USD/JPY - 104.28... The greenback traded with a firm undertone in Asia yesterday and gained to 104.21 before rising to session highs at 104.39 in New York morning on usd's broad-based strength together with a rise in U.S. yields. The pair then retreated to 104.08 in New York afternoon on profit-taking before rebounding again to 104.31 in Tokyo morning today. Dollar's retreat after yesterday's resumption of upmove from last Wednesday's 9-1/2 month bottom at 102.60 would yield range trading before said move heads to 104.55/60 after consolidation. Bids are now seen at 104.10/20 and more below at 103.80/90 with stops building up below there whilst initial offers are noted at 104.70/80. Although there is no major economic data to be released from U.S. today, there are a slew of Fed speakers scheduled to speak today and one should pay particular attention to Kansas City Fed President Esther George's remarks on economic and monetary policy outlook at 18:00GMT. [/QUOTE]
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