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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 198898, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Sept 03: [/COLOR]Intra-Day News and Views & data to be released today – USD/JPY Intra-Day Market Moving News and Views[/B] Update Time:[B] 03 Sept 2021 [/B][I]05:30GMT[/I] USD/JPY - 109.92..Although the pair remained on the back foot on Fri n met selling at 109.97 due to continued usd's weakness vs other G6 currencies, price briefly penetrated Wed's 109.89 low to 109.85 after tripping stops below 109.90, lack of follow-through through selling due to cross weakness in yen quickly lifted price. Expect range trading until European open before decline from this week's 110.41 high (Wednesday) heads to 109.60, then 109.42 but reckon daily sup at 109.12 should remain intact. Offers are tipped at 110.05/10 with some stops above 110.15 while bids are noted at 109.85-80 with stops below 109.60. U.S. release the most important eco. data later today, namely non-farm payrolls, market is expecting 750k increase vs prev. readings of 943k, however, if actual figure is much lower than forecast (due to Wednesday's huge downside beat in ADP payrolls), then the greenback would come under active selling pressure. Please refer to our EI page for details of other U.S. data [/QUOTE]
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