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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 195911, member: 22847"] [B]AceTraderFx [COLOR=darkred]May 31: [/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] 31 May 2021 [/B][I]05:30GMT[/I] USD/JPY - 109.70.. Dollar remains on the back foot in Asian trading following retreat from Friday's fresh 6-week high of 110.20 to 109.75 due to retreat in U.S. yields despite release of higher-than-expected U.S. inflation data. As intra-day break of 109.75 to 109.66 on cross-buying in yen suggests recent upmove has made a temp. top and retrace. towards 109.58 (38.2% r from 108.57-110.20) can't be ruled out before prospect of rebound. Offers are tipped at 109.90/95 with stop reported above 110.20 while bids are touted at 109.65/60 with stops below 109.50. U.S. financial markets are closed for Memorial Day holiday, so no U.S. economic data is due out today [/QUOTE]
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