Intra-Day Market Moving News and Views
09 Oct 2015 00:44GMT
USD/JPY - ...... The greenback continued to edge lower throughout Asia yesterday and hit session low at 119.63 in early European morning. Despite staging a recovery to 119.98, price spiked down to 119.68 in New York afternoon after the release of dovish FOMC minutes before rebounding again to 120.03. Dlr met renewed buying at 119.85 in Australia and trades with a firm undertone in Tokyo morning, helped by the initial rise in Nikkei-225 index.
Pay attention to the release of U.S. wholesale inventories and wholesale sales at 14:00GMT.
Street forecasts are 0.0% n -0.3% vs prev. readings of -0.1% n -0.3% respectively.
Bids are now seen at 119.70/80 and more below at 119.50/60 with stops building up below there whilst initial offers are noted at 120.30/40, suggesting upside bias would be seen till European open.
Data to be released on Friday:
Australia housing finance, invest housing finance, France budget balance, industrial output, Italy industrial output, UK trade balance, Canada jobs reports, BoC business outlook survey, and U.S. wholesale inventories, whole said sales.
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