Intra-day Market Moving News and Views   
Update Time: 23 Nov 2015  01:19GMT

  USD/JPY - ....... The greenback met selling interest at 122.92 at New York close on Friday and despite a brief retreat to 122.76 in New Zealand, price found support above last Thursday's low at 122.62 and staged a rebound to 123.00 at Asian open in thin trading conditions as Japanese markets will remain closed for Labour Thanksgiving Day holiday on Monday.  

Pay attention to the release of U.S. manufacturing PMI at 14:45GMT. Street forecast is for a slight decrease to 54.0 from previous reading of 54.1.  

Offers are now raised to 123.10/20 n more above at 123.30/40 with stops building up above there whilst initial bids are noted at 122.40/50, suggesting choppy trading would be seen ahead of European open. 

Data to be released :

Japan manufacturing PMI. France mfg PMI, Service PMI, Germany Mfg PMI, Service PMI, EU Mfg PMI, Service PMI, U.S. national activity index, Mfg PMI and existing home sales on Monday.

Germany GDP, business climate, current conditions, expectation, France business climate, Swiss non-farm payroll, U.K. distributive trades, Italy wage inflation, trade balance, U.S. PCE prices, GDP, Redbook, caseshiller, consumer confidence, comp index,mfg shipments and services index on Tuesday.

Australia's construction work done, Swiss consumption indicator, France consumer confidence, Italy industrial order, industrial sales, retail sales, U.S. mortgage rate, mortgage market index, purchase index, mortgage refinance index, initial jobless claims, build permits, consumption, core PCE prices, durable goods orders, PCE prices, personal consumption, personal income, home price, home sales on Wednesday.

New Zealand trade export, trade import, trade balance, Australia's building Capex, plant/machinery Capex, capital expenditure, Swiss industrial orders, EU M3 annual growth, Germany CPI and HICP on Thursday.

Japan jobs/applicants ratio, unemployment rate, household spending, CPI, foreign bond investment, foreign invest JP stock, New Zealand business outlook, U.K. consumer confidence, national house price, Germany import price index, consumer sentiment, France consumer spending, producer prices, Italy business confidence, consumer confidence, EU business climate, inflation expectation, consumer confidence, economic sentiment, industrial sentiment, service sentiment, selling price expectation, Canada producer prices, raw material prices and U.S. U Mich sentiment prelim on Friday.  

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