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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 194087, member: 22847"] AceTraderFx [B][COLOR="darkred"]Apr 14: [/COLOR] Intra-Day News and Views & data to be released today – USD/JPY[/B] [B]Intra-Day Market Moving News and Views[/B] Update Time[B]: 14 Apr 2021[/B] [I]05:30GMT[/I] USD/JPY - 108.81.. The pair remains on the back foot in hectic Tokyo trading, intra-day decline accelerated when price early penetrated last week's 109.01 low ahead of Tokyo open due to continued usd's weakness on falling US yields (benchmark 10-year hit 2-week low of 1.611%). Despite intra-day resumption of recent decline from March's 1-year peak at 110.96, as this move is viewed as a correction of Medium Term rise from 2021 bottom at 102.60, reckon daily sup area at 108.35/41 would contain weakness n yield rebound later today or tom, a daily close above 109.01 would bode well for price to head back to 109.75/77. Offers are tipped at 109.00/05 with stops tourted above 109.25 while bids are noted at 108.75/65 with stops below 108.35. BOJ Gov. Kuroda will speak at a financial forum at 06:15GMT. After yesterday's much-anticipated release of US CPI, we have a slew of eco. data later today, please refer to our EI page for details. Market may pay attention to Fed's beige book due out at 18:00GMT. We also have a no. of Fed officials scheduled to speak in New York session n traders will pay attention to comments from Fed's J. Powell when he speaks at 16:00GMT at an economic forum at 16:00GMT and market is interested to hear his comments on recent surge in US inflation readings. [/QUOTE]
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