AceTraderFx Oct 25: Intra-Day News and Views & data to be released today –USD/JPY
Intra-Day Market Moving News and Views
Update Time: 25 Oct 2021 05:30GMT
USD/JPY - 113.74.. Dlr pares Fri's decline n ratcheted higher from New York 1-week trough of 113.42 to 113.82 in Tokyo morning as a bout of yen-selling lifted price, suggesting consolidation is in store.
As erratic fall from Wednesday's fresh 3-year peak at 114.69 to 113.42 signals recent uptrend has made a temporary bottom, strong gain is not envisaged n as long as Friday's 114.20 top holds, another fall can't be ruled out, below 113.42 would extend weakness towards 113.22 but 113.01 should hold.
Bids are noted at 113.50/40 with stops below there while offer are tipped at 113.80/90 with some stops above 114.00.
U.S. eco. data is pretty light today with Dallas Fed mfg index being the only data due out at 14:30GMT.
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Intra-Day Market Moving News and Views
Update Time: 25 Oct 2021 05:30GMT
USD/JPY - 113.74.. Dlr pares Fri's decline n ratcheted higher from New York 1-week trough of 113.42 to 113.82 in Tokyo morning as a bout of yen-selling lifted price, suggesting consolidation is in store.
As erratic fall from Wednesday's fresh 3-year peak at 114.69 to 113.42 signals recent uptrend has made a temporary bottom, strong gain is not envisaged n as long as Friday's 114.20 top holds, another fall can't be ruled out, below 113.42 would extend weakness towards 113.22 but 113.01 should hold.
Bids are noted at 113.50/40 with stops below there while offer are tipped at 113.80/90 with some stops above 114.00.
U.S. eco. data is pretty light today with Dallas Fed mfg index being the only data due out at 14:30GMT.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update