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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 204424, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Feb 07: [/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] 07 Feb 2022[/B] [I]05:30GMT[/I] USD/JPY - 115.30.. Dlr moves relatively narrowly in subdued Asian morning following intra-day rally to 115.42 after a surprise large upside beat in U.S. non-farm payrolls (actual 467K increase vs forecast 238K as well as upbeat participation rate n ave. hourly earnings), subsequent sideways swings in New York afternoon session n intra-day retreat to 115.15 would bring consolidation. As dlr's rally from last week's low at 114.17 (Wed) to 115.42 signals pullback from 115.68 has ended, re-test of this res is envisaged where a break there would extend upmove from Jan's 113.48 trough to 115.90/00 later. Bids are noted at 115.15/05 with stops below 115.00 while offers are tipped at 115.35/40 with stops reported above 115.70. No U.S. eco. data is due out today after Fri's blockbuster U.S. jobs report, however, traders will take cue from intra-day moves in U.S. yields (benchmark 10-year rallied to a 2-year peak of 1.9356% in post-NFP New York, circa 1.9085) n U.S. stocks. [/QUOTE]
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