Intra-Day Market Moving News and Views -GBP/USD, USD/JPY
16 Apr 2014 08:37GMT
GBP/USD - 1.6802... The British pound traded in a narrow range in Asia as traders awaited the release of UK jobs data. Price strengthened to 1.6763 in early European morning in tandem with euro b4 rallying to 1.6818 after the release of UK jobs report. However, selling interest below Feb's 4-year high at 1.6823 capped cable's rise n knocked the pair lower.
Bids are now seen at 1.6795/00 n more below at 1.6780/90 with stops building up below there, suggesting buying on dips is the way to go!
UK unemployment rate fell to a 5-year low at 6.9% fm prev. reading of 7.2%.
06:15GMT
USD/JPY - 102.27... BoJ governor Kuroda says 'inflation expectation rising as a trend while long-term rates moving stably due to BoJ's massive bond buying; want to pull end deflation at an early date by steadily continuing with current QE policy.'
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