Intra-Day Market Moving News and Views
12 May 2014 01:47GMT
USD/JPY - 101.97
The greenback ratcheted higher to 102.05 against the Japanese yen in Asia today due to initial gain in Nikkei-225 index, following the rise in U.S. stock markets last Friday, however, investors may buy Japanese yen again due to an escalation in East-West tensions after pro-Moscow rebels declared victory in a referendum on self-rule in eastern Ukraine. Some offers are tipped at 102.20, 102.50 n 103.00 whilst some bids are located at 101.50 n 101.00.
Organisers of the weekend referendum said nearly 90 percent had voted in favour, possibly opening the way for the region to break away from Kiev in a conflict increasingly out of control.
12 May 2014 01:34GMT
AUD/USD - 0.9356
Australian April business confidence index rises to 6 versus 4 in March. The Australian dollar bounces briefly from 0.9349 after the data.
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