Intra-day Market Moving News and Views
13 Oct 2015 01:00GMT
USD/JPY - 119.95... The greenback remained under pressure throughout Asia and Europe and dropped to session low at 119.90 in post European close on speculation that the Federal Reserve won't raise its rates this year. Despite a brief recovery to 120.08 ahead of Asian open, dlr met renewed selling and dropped to 119.90 in Tokyo morning.
There is no major data from U.S. today as markets will open after a long weekend due to Columbus day holiday yesterday.
Offers are now seen at 120.20/30 and more above at 120.40/50 with stops building up above there whilst initial bids are noted at 119.40/50, suggesting choppy trading would be seen.
Data to be release on Tuesday:
Australia NAB business conditions, NAB business confidence, China trade reports, Japan consumer confidence, Germany CPI, HICP and ZEW reports, Switzerland producer/import price, U.K. BRC retail sales, CPI, PPI and RPI, U.S. Redbook and Fed budget.
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