Intra-Day Market Moving News and Views
06 Mar 2015 02:14GMT
USD/JPY - ...... Although the greenback rallied above 120.27 to an intra-day high of 120.40 on Thursday due to dollar's broad-based strength, U.S. dollar pared some of the gains today on profit-taking but renewed buying interest is located at 119.95-90 and more at 119.80 with stops only seen below 119.60 and 119.50.
On the upside, offers are tipped at 120.30-40 with stops seen above 120.50.
Yesterday despite Tuesday's sell off from 120.27 to 119.38, the greenback traded narrowly inside 119.50-119.83 range as focus was on the single currency.
Offers was tipped at 119.85-90 with stops seen above 120.00.
Nikkei-225 index then rebounded by 47 points to 18750. If Japanese shares rises more, it may lift the usd/jpy pair despite the sell off in eur/jpy.
Data to be released on Friday:
Japan leading indicator, Germany industrial output, France exports, imports, budget balance, Swiss CPI, Italy producer prices, EU GDP, Canada building permits, exports, imports, trade balance, U.S. non-farm payrolls, private payrolls, average earnings, unemployment rate and international trade.
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