AceTraderFx Sept 27: Intra-Day News and Views & data to be released today -USD/JPY
Intra-Day Market Moving News and Views
Update Time: 27 Sept 2019 03:30GMT
USD/JPY - 107.70… Dlr pares yesterday’s gain in Asia due to renewed cross-buying of yen after yesterday’s resumption of near term upmove from Tuesday’s 106.97 low to 107.95 in New York afternoon.
Although range trading below 107.95 is envisaged during European morning, as dlr’s rebound frim 106.97 signals correction from September’s top at 108.47 has possibly ended, consolidation with upside bias remains, so buying again on dips is favoured.
Bids are noted at 107.60-50 with stops reported below 106.40 while offers are tipped at 107.90/00 with stops touted above 108.05.
T.G.I.F. after a choppy swings this week, U.S. will release a slew of eco. data starting with August PCE, core PCE, personal income and spending, durable goods order at 12:30GMT, then later University of Michigan consumer confidence at 14:00GMT.
We also have Fed’s Quarles and Philly Fed’s Harker speaking in New York session.