AceTraderFx Mar 27: Intra-Day News and Views & data to be released today -USD/JPY
Intra-Day Market Moving News and Views
Update Time: 27 Mar 2019 03:00GMT
USD/JPY - 110.52… The greenback traded with a firm bias in Asia yesterday and intra-day ascent accelerated in European session on usd’s broad-based rise due to rebound in global stocks and U.S. Treasury yields and hit session highs at 110.69 in New York morning.
However, price pared its gains and retreated to 110.42 in New York afternoon before stabilising. Dollar then met renewed selling at 110.66 in Australia and dropped to 110.41 in Asia due to the fall in Nikkei-225 (currently down by 138 points or -0.65%).
Usd’s gain to 110.69 yesterday suggests the decline from March’s 10-week peak at 112.14 has formed a temporary low at Monday’s 5-week trough at 109.71 and consolidation with upside bias remains.
Bids are now seen at 110.30/40 and more below at 110.10/20 with stops building up below there whilst initial offers are noted at 111.10/20.
Data to be released on Wednesday :
New Zealand RBNZ interest rate decision.
France consumer confidence, producer prices, Italy business confidence, consumer confidence, trade balance,Swiss investor sentiment, UK CBI distributive trades.
U.S. MBA mortgage application, trade balance, current account, and Canada trade balance, exports, imports, average weekly earnings.