Intra-Day Market Moving News and Views
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.
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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