AceTraderFx Jan 18: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
18 Jan 2019 03:30GMT
USD/JPY - 109.33… Despite initial retreat to intra-day low at 109.06 ahead of Tokyo open on selling by Japanese exports after dlr’s o/n gain to a fresh 2-week high of 109.39 in New York afternoon due to US/China trade optimism but later denied (see early update), the greenback rose again at Tokyo open as broad-based gain in Asian stocks n rise in U.S. treasury yields (benchmark 10-year climbed to 2.761% Thursday after upbeat US jobless claims and Philly Fed survey).
Yesterday’s break of Wednesday’s 109.19 high signals recent upmove from January’s 9-month bottom at 104.79 has once again resumed n gain towards Jan’s 109.75 high may be seen after consolidation, reckon 110.00 would cap upside. So whilst buying dlr again on dips is favoured, profit should be taken on subsequent rise.
Bids have been raised to 109.10/00 with stops below 108.90 whilst offers are tipped at 109.35/45 with stops above 109.80.
T.G.I.F., U.S. will release a slew of eco. data starting with industrial and maf. production, capacity utilization and University of Michigan consumer confidence (key retails sales may come out or continued to be delayed due to govt. shut down).
We also have Fed’s Williams and Fed’s Harker speaking in New York morning.
AceTraderFx Jan 21: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
21 Jan 2019 03:30GMT
USD/JPY - 109.61… Dlr pares Friday’s rally to a 2-1/2 week high of 109.88 (New York) and retreated to 109.48 in Tokyo morning on broad-based yen buying by Japanese exporters after the pair climbed above previous January’s high at 109.75 (Jan 02) in New York due to usd’s broad-based strength on market optimism over upcoming U.S./China trade talks.
Although intra-day retreat suggests recent upmove has made a temp. top at 109.88 and range trading is in store, as price has rebounded from 109.48 after release of in-line China GDP and retail sales data, easing recent market fear of a continued slowdown in the Chinese economy, consolidation with upside bias is retained.
Bids are noted at 109.50/40 with stops reported below 109.35.
Offers are tipped at 109.75/85 with stops touted above 110.00.
As U.S. market is closed for Martin Luther King Jr. holiday, expect trading activity to be quiet in North American time zone.
AceTraderFx Jan 22: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
22 Jan 2019 03:30GMT
USD/JPY - 109.62… The pair is trading near the same rate as it was this time 24 hours after moving sideways in lethargic Monday’s session.
Despite initial weakness to 109.48 in early Asian trading on Monday due to profit taking, renewed buying interest emerged n lifted price to 109.71, however, dlr later moved narrowly inside this range in Europe n holiday-thinned N. American session.
Expect further range trading below Fri’s 2-1/2 week high at 109.88 n outlook remains mildly bullish for recent upmove to head towards 110.00 but reckon 110.48 res should cap upside.
Bids are noted at 109.50-40 with stops below 109.35.
Offers are tipped at 109.75/85 with stops reported above 110.00.
U.S. market will re-open after yesterday’s market holiday, however, eco. calendar is pretty thin with existing home sales being the only data due out.
However, we may see release a slew of delayed data due to govt. shutdown today or later this week.
AceTraderFx Jan 23: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
23 Jan 2019 03:30GMT
USD/JPY - 109.67… Despite dlr’s broad-based weakness vs majority of its major peer currencies, dlr/yen rallies in Tokyo trading due to active yen-selling vs usd, euro, gbp and aud etc.
The broad-based yen selling despite weakness in Asian equities is pretty bewildering especially after dlr/yen’s brief drop to session lows of 109.15 in New York afternoon on FT report the Trump administration has rejected an offer from China for preparatory trade talks this week ahead of high-level negotiations scheduled for next week (but the report was later rejected by White House economic adviser Larry Kudlow).
Intra-day yen weakness ahead of BoJ’s rate decision and monetary policy announcement suggests something may be brewing, perhaps BoJ may tweak its policy stance in its accompanied statement later, therefore, trading dlr from long side (or yen from short side) is favoured.
Bids are noted at 109.60-50 with stops below 109.30.
Offers are tipped at 109.70/75 with stops reported above 110.00.
Pay attention to BoJ’s Gov Kuroda’s post-BoJ press conference at 06:30GMT. U.S. will release Redbook sales, monthly home price and Richmond Fed mfg index later today.
AceTraderFx Jan 24: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
24 Jan 2019 03:00GMT
USD/JPY - 109.49… Although dlr is trading roughly where its was this time in Asian morning on Wed, the decline from yesterday’s 3-week high at 110.00 (EBS high) to 109.40 in New York afternoon suggests recent upmove from January’s fresh 20-month bottom at 104.79 has made a temp. top there and intra-day usd’s weakness vs G4 counterparts signals consolidation with downside bias remains and stops below 109.40 are now in focus.
Therefore, selling dlr on recovery following weakness in U.S. stocks n soft Treasury yields is favoured.
Offers are tipped at 109.65/75 with stops above 109.80 n more above 110.00.
Bids are noted at 109.50-40 with stops below there, more stops are touted below 109.10.
On the U.S. eco. data, we have weekly jobless claims, Markit mfg and services PMIs and lastly, leading indicator.
AceTraderFx Jan 25: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
25 Jan 2019 03:00GMT
USD/JPY - 109.77… Despite yesterday’s intra-day fall from 109.80 (Europe) to 109.43 in New York morning on active yen-buying, the pair rebouded in New York on renewed usd’s strength. Price catches a bid in Asian trading due to broad-based yen weakness on rebound in Asian stocks, suggesting choppy sideways swings are in store.
Dollar’s anticipated strength vs G7 currencies (except sterling) suggests intra-day upside bias remains n stops above 109.80, then above Wednesday’s 3-week highs are in focus.
Bids are noted at 109.50-40 with stops below there.
On the U.S. data front, although no official data is scheduled, we may get a delayed release of durable goods order due to recent govt. shutdown.
AceTraderFx Jan 28: Intra-Day Market Moving News and Views -EUR/USD
Intra-Day Market Moving News and Views
28 Jan 2019 03:00GMT
EUR/USD - 1.1414… Although euro trades with a firm undertone in relatively subdued Asian morning after Friday’s impressive rally from 1.1398 (AUS) to as high as 1.1419 near New York close due to broad-based usd’s selling on return of risk appetite following news of an end of recent U.S. govt. shutdown, Asian traders are reluctant to take the euro higher after Friday’s sharp gain due to risk of a 30-40 points pullback when European markets open, so range trading is expected for now.
Having said that, euro’s rally from Thursday’s 5-week trough at 1.1290 to 1.1419 Friday suggests recent decline from 1.1570 (January high) has made a low there and consolidation with upside bias remains for s stronger retracement of this move ahead of key U.S. 2-day FOMC meeting starting tomorrow where market widely expects the Fed to stand pat in its rate decision.
Order book is pretty thin with bids noted at 1.1390-80 and more below with stops below 1.1350.
Offers are tipped at 1.1420/30 with stops above 1.1455.
Although no euro area eco. data is due out today, pay attention to introductory statement by the ECB President Draghi at the ECON Hearing of the European Parliament in Brussels at 14:00 GMT.
AceTraderFx Jan 29: Intra-Day Market Moving News and Views -EUR/USD
Intra-Day Market Moving News and Views
29 Jan 2019 03:00GMT
EUR/USD - 1.1421… Euro inches lower in subdued Asian trading after rising to a 1-day high of 1.1445 in New York morning on usd’s weakness, however, profit taking pushed price to 1.1418 in Asia today, suggesting range trading below said temp. high would be seen.
As euro’s early impressive rally from Thursday’s post-ECB’s 5-week bottom suggests recent decline from Jan’s 11-week peak at 1.1570 has made a low there, consolidation with upside bias remains for stronger retracement of this move to 1.1463 (61.8% r), however, weakening of upward momentum should cap price below res at 1.1491 today.
Bids are noted at 1.1410/00 with stop below 1.1385 whilst offers are tipped at 1.1445/55 with stops above there.
Euro zone eco. calendar is very light today with France’s consumer confidence being the only data due out. We also have ECB member Villeroy speaking at a fintech conference in Paris at 10:30GMT n also ECB’s Governing Council member Nowotny and other cenbankers are attending another fintech conference in Vienna.
AceTraderFx Jan 30: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
Update Time: 30 Jan 2019 03:00GMT
USD/JPY - 109.25… Dlr remains on the back foot on renewed usd’s weakness triggered by intra-day gain in aud/usd and a bout of yen buying, even the battered sterling has recovered after o/n selloff on renewed Brexit concerns.
Despite yesterday’s rebound from Asian 109.13 low to 109.54 in New York morning, intra-day weakness has retained daily bearish prospect of a resumption of decline from last Wednesday’s 3-week high to 109.85/90, reckon minor sup at 108.69 would hold on 1st testing ahead of FOMC monetary announcement.
Offers have been lowered to 109.40/45 with stop above 109.55, a mixture of bids and stops is touted below 109.15.
Ahead of key FOMC announcement at 19:00GMT, U.S. will release a slew of eco. data starting with Jan ADP private payrolls, Q4 GDP, Q4 core PCE and pending home sales.
Last but not least, pay attention to post-FOMC conference by Fed’s J. Powell, any dovish remarks by the Fed chair will give usd another round of bashing as Fed is widely expected to stand pat in its rate decision.
AceTraderFx Jan 31: Intra-Day Market Moving News and Views -EUR/USD
Intra-Day Market Moving News and Views
Update Time: 31 Jan 2019 03:20GMT
EUR/USD - 1.1495… The single currency stands tall in Asian trading after rallying to a near 3-week high of 1.1502 in post-FOMC New York session.
Despite yesterday’s intra-day retreat from 1.1450 in Europe after failure to re-test Tuesday’s 1.1451 high and slipped to 1.1406 following release of robust U.S. ADP payrolls, short covering lifted the pair slightly and euro jumped after ‘dovish’ Fed minutes.
The fact that price is still trading near said yesterday’s high suggests upside bias for further gain towards res at 1.1550 after consolidation but reckon January’s 11-week peak at 1.1570 would remain intact ahead of Friday’s U.S. NFP.
Bids are noted at 1.1480-70 with stops below 1.1450.
Offers are tipped at 1.1500/10 with stops above there.
The euro area will release a slew of eco. data (see EI section for details) which may move price during Euroepan morning but traders will be buying on dips if data come out weaker than street forecast. Also we have ECB’s Mersch speaking at 10:15GMT n then ECB’s Weidmann speaking at 16:00GMT.
AceTraderFx Feb 01: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
Update Time: 01 Feb 2019 03:00GMT
USD/JPY - 108.87… Dlr pares yesterday’s losses in Asia due to intra-day usd’s strength and recovered to 108.97 in early Tokyo trading as bargaining hunting by Japanese importers bought the greenback after price hit a 2-week low in New York morning on Thursday.
Despite resumption of recent decline from January’s 110.00 high to 108.50 in New York yesterday, intra-day selloff in eur/usd triggered broad-based short covering in the buck, price rebounded to 108.94 in New York afternoon, then marginally to 108.97 in early Asian trading. As the rebound from 108.50 suggests temporary low has been made, range trading is in store in European morning, however, offers reported at 109.00/10 are likely to capped intra-day rebound and yield another fall later today.
For now, bids are noted at 108.70-60 with stops reported below 108.50, then 108.30.
All eyes are on the release of U.S. non-farm payrolls due out at 13:30GMT, market is expecting January reading to come in at 165K vs previous number of 312K, if actual figure comes in below estimate, then one can expect another round of usd bashing as this will confirm cautious (dovish) Fed statement released Wednesday on the U.S. economy.
AceTraderFx Feb 04: Intra-Day Market Moving News and Views -EUR/USD
Intra-Day Market Moving News and Views
Update time: 04 Feb 2019 03:00GMT
EUR/USD - 1.1458… Euro moves narrowly in subdued Asian morning following Friday’s intra-day broad sideways swings in post-NFP New York trading.
Despite rebound from 1.1434 (Asia) to 1.1489 in New York, subsequent retreat suggests further choppy trading below last Thursday’s 2-1/2 week high at 1.1515 would continue with downside bias and below 1.1434/30 would bring stronger retracement to 1.1406/10 later today, therefore, selling euro on recovery is favoured.
Offers are tipped at 1.1475/85 with stop above 1.1490 n then 1.1520.
Some bids are noted at 1.1445-35 with stops below 1.1430 and more below 1.1400.
On the eco. data front, EU will kick off with Sentix investor confidence index, then Italy’s prel. CPI and the EU’s PPI.
AceTraderFx Feb 08: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
Update Time: 08 Feb 2019 03:00GMT
USD/JPY - 109.70… The pair is trading roughly where its was this time yesterday after Thursday’s roller-coaster rise. Although dlr met renewed buying are 109.73 in Asia yesterday n climbed to 110.09 due to renewed usd’s strength in Europe, active safe-haven yen buying quickly knocked price to session lows of 109.61 at New Yeat open. Although price shrugged off renewed U.S./China trade concerns after comments Trump that he did not plan to meet with Chinese President Xi before a March 1 deadline to achieve a trade deal n staged a rebound to 109.87 in NY afternoon, dlr edged lower in Asian trading on Fri due to renewed yen buying as the Nikkie is currently down by 1.3% are 20479 as well as falling U.S. Treasury yields.
Yesterday’s decline from 110.09 suggests further choppy trading below Monday’s 1-month peak at 110.16 would continue, as long as 109.56 (Wed’s reaction low) holds, said sideways swings would end with resumption of recent upmove towards next daily obj. at 110.48 later.
Bids are noted at 109.65-60 with stops below 109.50 n more below 109.40.
Offers are tipped at 109.90/00 n more above with stops reported at 110.20.
T.G.I.G., although no U.S. economic data is due out, S. Francisco Fed President Mary Daily (non-voter) will participate in a moderated conversation at an economic forum in San Francisco at 18:15GMT.
AceTraderFx Feb 11: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
11 Feb 2019 03:00GMT
USD/JPY - 109.83… Dlr moves narrrowly in subdued Asian trading as financial markets in Japan are closed for National Foundation Day holiday.
The sideways move seen in lackluster Friday’s session suggests dlr would continue to gyrate inside recent broad range of 110.16-109.56, however, as usd is expected to strength vs its G7 counterparts after counsolidation, trading the pair from long side is favoured.
Bids are noted at 109.70-60 with stops reported below 109.50.
Offers are tipped at 110.90/00 with stops touted above 110.20.
On the U.S. data front, no economic data is due out today, so range trading is likely to continue.
However, pay attention to latest progress in U.S./China trade talks. Media reported over the w/end lower-level officials will begin meetings on Monday, led on the American side by Deputy U.S. Trade Representative Gerrish. Higher principal-level talks will take place on Thursday and Friday with U.S. Trade Representative Lighthizer and Treasury Secretary Mnuchin.
AceTraderFx Feb 12: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
Update Time: 12 Feb 2019 03:00GMT
USD/JPY - 110.48… Dlr hits 6-week high of 110.54 in active Tokyo trading as rise in U.S. Treasury yields and intra-day gain in the Nikkie (N225 currently up over 2% at 20754) boosted risk appetite.
Yesterday’s break of last week’s high at 110.16 (now sup) together with dlr index (DXY) climbing to a new 2019 high (97.117) in New York suggests usd’s recent winning streak would continue and price is en route towards 110.82 (61.8% of 114.55-104.79) and possibly towards next chart obj. at 111.40 later this week.
Therefore, buying the greenback on pullback is the way to go.
Bids are noted at 110.35-25 with stops below 110.00 whilst offers are tipped at 110.55/65 with stops above 110.85.
The only U.S. data due out is JOLTS job openings, however, Fed Chairman J. Powell will deliver at 17:45GMT but the topic is “Ecomomic Development in High Poverty Rural Communities”, so traders can treat this to be a non-event.
AceTraderFx Feb 13: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
Update Time: 13 Feb 2019 03:00GMT
USD/JPY - 110.60… Despite usd’s broad-based retreat in New York trading Tue on market’s risk-on sentiment due to optimism over upcoming U.S./China trade talks (see early updates) together with rising U.S. yields and gain in the Dow, traders ‘dumped’ the safe-haven Japanese yen, leading to rally in eur/yen, gbp/yen and aud/yen (then nzd/yen today), the pair rebounded from 110.35 to 110.55 in New York trading.
D;r’s intra-day rise to 110.64 in Asia as broad-based gains in Asian stocks (N225 currently up by 1.5% at 21195) boosted risk appetite and triggered another round of yen selling in Asian morning, suggesting upside bias remains for recent upmove to head to 110.82 retracement target (61.8% r of 114.55-104.79), however, weakening of upward momentum is expected to limit upside to 111.10/20.
Bids are noted at 110.45-35 with stops below 110.30 whilst offers are tipped at 110.60/65 with stops above 110.70/80.
On the U.S. data front, we have a slew of data due out starting with MBA mortgage applications, then January’s MM and YY CPI n core CPI, real weekly earnings n Federal budget. We also have a number of key Fed officials speaking during N session (please refer to our EI section for details).
AceTraderFx Feb 14: Intra-Day News and Views & data to be released today-USD/JPY
Intra-Day Market Moving News and Views
Update Time: 14 Feb 2019 03:00GMT
USD/JPY - 111.01… Dlr orbited a new 6-week 111.00 handle in volatile Tokyo trading. Despite continuing its recent winning streak to a fresh 6-week high of 111.06 near New York close as the greenback regained traction in New York trading on the back of rising US treasury yields and marginal gain in The Dow, selling by Japanese names (exporters) briefly knocked the pair to 110.87 in early Asian trading before renewed buying interest emerged and pushed price back up to 111.05.
Intra-day firmness suggests recent upmove remains in force n would head to 111.20/25 after consolidation, loss of upward momentum is likely to prevent strong gain and reckon daily res at 111.40 would cap upside.
Bids are noted at 110.85-75 with stops below 110.60 whilst offers are tipped at 111.05/15 with stops touted above 111.40.
On the data front, U.S. will later release weekly jobless claims, final PPI, core PPI, retail sales and business inventories. We also have Philly Fed President Harker (non-voter) speaking at 16:00GMT.
AceTraderFx Feb 15: Intra-Day News and Views & data to be released today-EUR/USD
Intra-Day Market Moving News and Views
Update Time: 15 Feb 2019 03:00GMT
EUR/USD - 1.1286… The single currency swung wildly in hectic Thursday’s session. Despite staging a recovery to 1.1295 in European morning, downbeat German GDP knocked price down to 1.1251, however, failure to penetrate Australian fresh 2-1/2 month trough at 1.1249 lifted price. Euro later jumped briefly to session highs of 1.1310 as a very weak U.S. retail sales data sent the greenback down across the board, however, selling eur/yen cross pushed price back down to 1.1265 before climbing to 1.1311 in Australia today.
As yesterday’s erratic rise from 1.1249 suggests recent downtrend has made a temp. low, choppy sideways swings with upside bias is seen for a much-needed corrective rise, having said that, present gain is seen as a retarcement of recent decline, reckon res at 1.1341/44 should cap upside.
Bids are noted at 1.1280-70 with stops below 1.1245 whilst offers are tipped at 1.1310/15 with stops above there.
The euro area countries will release a slew of eco. data starting with Italy’s trade balance,global trade balnace, then EU’s trade balance. We have ECB’s Coeure speaking at 13:00GMT n then ECB’s Angeloni speaking at 15:45GMT later today.
AceTraderFx Feb 18: Intra-Day News and Views & data to be released today-USD/JPY
Intra-Day Market Moving News and Views
Update Time: 18 Feb 2019 03:00GMT
USD/JPY - 110.50… The greenback found renewed buying in New Zealand at 110.40 after a retreat in late New York on comments from Fed’s Daly and rebounded to 110.58 ahead of Tokyo open and continues to trade with a firm bias due to the initial rise in Nikkei index.
Dlr’s early rebound from Friday’s low at 110.26 suggests decline from last Thursday’s 111.13 top has made a temp. low. therefore consolidation with mild upside bias would be seen.
Orderbook remains light as U.S. markets will be closed today for President’s Day holiday.
Offers are now raised to 110.60/70 n more above at 110.80/90 with stops building up above there whilst initial bids are noted at 109.90/00.