Intra-Day Market Moving News and Views
19 Dec 2014 01:57GMT
USD/JPY - ....... Despite Thursday's brief but strong retreat from 119.01 (Tokyo) to 118.26 in European morning on profit-taking, renewed buying quickly emerged n the pair rallied to an intra-day high of 119.36 due to the rally in global stock markets b4 retreating to 118.58.
Bids are now reported at 118.80, 118.60 and further out at 118.40-30. On the upside, some offers are tipped at 119.10-20 and 119.40.
Trading is relatively thin in Asia today as investors are waiting for BOJ rate decision and the press conference by BOJ's governor Kuroda later today.
Statement from Japan's FINMIN Aso, quote:
'expects Russian gov't will prevent rouble falls fm leading to turmoil seen in 1998;
oil prices are falling but still at high levels.'
Statement from Japan's ECONMIN Akira Amari, quote:
-weak yen has benefited exporters but high import costs have hurt household;
-falling oil prices a positive for economy but make sure we escape deflation.
Friday will see the release of New Zealand's NBNZ Business Outlook, Japan leading economic index, BoJ rate decision, BoJ monetary policy statement and BoJ Governor Kuroda's press conference, Germany's Gfk Consumer confidence, Gfk Consumer Sentiment, Producer Prices, France's Business Climate, Eurozone's Current Accounts, Italy's Industrial Sales, U.K.'s Gfk Consumer Confidence, PSNCR, PSNB, CBI Distributive Trades, Canada's CPI and Retail Sales.
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