Intra-day Market Moving News and Views
26 Nov 2015 01:54GMT
USD/JPY - ....... Dlr pares yesterday's intra-day rally from European morning low of 122.26 to 122.94 in New York morning. Price traded with a soft bias in Asian morning as traders are on the sideline after yesterday's broad-based USD's swings.
With U.S. financial markets closed for Thanksgiving Day holiday, the pair is expected to move sideways initially today but as good buying interest was seen in Europe yesterday, consolidation with upside bias is expected.
Bids are noted at 122.60-50 with some stops below there, however, good buying interest is reported at 122.35-25.
Initial offers are noted at 122.75/80 and more above with stops touted above 123.10.
Data to be release on Thursday:
New Zealand trade reports, Australia's building Capex, plant/machinery Capex, capital expenditure, Swiss industrial orders, EU M3 annual growth, Germany CPI and HICP. U.S. markets will be closed on Thursday due to Thanksgiving day holiday.
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