Intra-day Market Moving News and Views
11 Dec 2015 01:32GMT
USD/JPY - ........ Despite yesterday's initial rise to 121.87 in European morning, the greenback dropped to 121.24 ahead of New York open on broad-based buying of yen.
However, price pared its losses and recovered to 121.66 near New York closing. Dlr continued to ratchet higher and rose at Tokyo open and hit 122.10 in Tokyo morning, helped by the 200 points rally in Nikkei-225 index.
Pay attention to the release of retail sales at 13:30GMT and U. of Michigan consumer sentiment at 15:00GMT.
Street forecasts are 0.3% and 91.0 vs previous readings of 0.1% and 91.3 respectively.
Offers are now raised to 122.10/20 n more above at 122.30/40 with stops building up above there whilst initial bids are noted at 121.50/60, suggesting choppy trading would be seen.
Data to be released on Friday:
New Zealand mfg PMI, China, urban investment, industrial output, retail sales, Germany CPI, HICP, France current account, Italy, industrial output, U.S. retail sales, PPI, University of Michigan sentiment preliminary and business inventories.
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