Intra-Day Market Moving New and Views
11 Sep 2014
USD/JPY - ..... The greenback continued its recent winning streak on Wednesday on speculation that the Federal Reserve will raise interest rates sooner in 2015 than earlier anticipated.
Active cross-selling in Japanese yen n rise in Treasury yields fueled demand for greenback and price rose to a fresh 6-year high of 106.89 in NY afternoon before easing to 106.64 in Tokyo morning as the Nikkei pares initial gain (however, currently still up by 75 points).
As market expects today's U.S. weekly initial jobless claims to show claims in the first week of Sept will be 300K from 302K in previous week, while U.S. retail sales and consumer-sentiment reports will also come in solid this Friday, buying dlr on dips is recommended.
Bids are noted at 106.60-50,106.35/30 and then 106.20 with stops emerging below 106.00.
On the upside, offers are placed at 106.90-00 and around 107.20 with stops emerging further out above 107.50.
Fuji News Network reported, citing unidentified sources, 'Japan PM Abe, BoJ gov Kuroda to hold meeting on Thursday to exchange views on the state of the economy.'
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