Intra-day Market Moving News and Views
28 May 2015 07:30GMT
USD/JPY - ...... Dlr showed muted reaction to the comments from BoJ Governor Kuroda in European morning n continued to ratchet lower from intra-day fresh 12-1/2 year peak at 124.29 (Asia).
Although dlr's softness in European morning suggests selling the greenback on recovery is recommended, sharp fall is unlikely to be seen as investors are shifting their focus to the U.S. jobs and housing data in NY morning, these include the weekly initial jobless claims n pending home sales.
Market expects the number of Americans filing new claims for unemployment benefits to drop 4k to 270K last week, whilst pending home sales in April to gain 0.9% vs an increase of 1.1% in preceding month.
At present, bids from various accounts are reported at 123.50-40, 123.35/30 then 123.20-10 with stops building up below 123.00.
On the upside, offers are placed at 123.90-00 and more at 124.20-30.
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