26 Mar 2015 02:14GMT
USD/JPY - ....... Although renewed buying interest above Tuesday's near 1-month trough at 119.22 lifted price from 119.23 to 119.66 in NY morning yesterday, renewed selling emerged n knocked price down to 119.40 near NY closing.
Dlr later fell to 119.29 in Tokyo morning today due to broad-based buying of yen on risk aversion as Nikkei index followed yesterday's decline in U.S. stocks and fell more 1% this morning (N225 is currently down by 1.72% at 19405)
Today, as market woes of a slow down in U.S. growth after yesterday's release of downbeat U.S. durable goods orders have pressured the greenback, therefore, selling dlr on intra-day recovery is recommended. However, investors should pay attention to the release of weekly U.S. jobless claims at 12:30GMT.
Market expects to number to decrease by 1K to 290K last week.
At the moment, offers are noted at 119.50-60 n then 119.75/80 with mixture of offers and stops emerging just above 120.00.
On the downside, bids are placed around 119.30, then 119.00-118.90 with stops located further out below 118.60.
Thursday will see the release of Germany's GfK consumer sentiment, U.K. retail sales, CBI distributive trades and U.S. jobless claims.
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