Intra-day Market Moving News and Views
17 Dec 2015 01:36GMT
USD/JPY - ....... Despite a brief rise to 122.30 immediately after the Fed hike its rate by 25 bps, the greenback fell sharply to 121.38 as Fed Chief Yellen painted a more cautious picture about future rate hikes.
However, renewed buying there lifted the pair and dlr rallied to 122.43 near New York closing, then higher to 122.55 at Tokyo open and continues to trade with a firm bias.
U.S. will release its jobless claims read at 13:30GMT.
Street forecast is for a drop to 375K from previous figure of 382K.
Bids are now raised to 122.20/30 and more below at 122.00/10 with stops building up below there whilst initial offers are noted at 123.00/10, suggesting buying on intra-day dips is the favored strategy.
Data to be released on Thursday:
New Zealand GDP, Japan adjusted merchandise trade balance, merchandise trade balance total, exports, import, foreign investment in japan stocks, foreign bond investment, France business climate, Germany IFO current assessment, IFO expectations, IFO business climate, Italy global trade balance, trade balance EU, U.K. retail sales, retail sales ex-fuel, CBI industrial trends survey, Eurozone construction output, U.S. current account, initial jobless claims, continuing jobless claims, Philadelphia Fed manufacturing survey, CB leading indicator.
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