Intra-day Market Moving News and Views
23 Dec 2015
00:35GMT

USD/JPY - ...... Dlr remained under pressure in Tuesday's trading in Europe on Tuesday and weakened to session lows of 120.72 after a surprisingly large drop in U.S. existing home sales (Nov's 10.5% fall represents the steep decline in 5 years).
However, gain in the Dow prompted renewed yen-selling, lifting the pair back up to 121.10 right at New York close.

With Japanese financial markets closed today for Emperor's birthday, narrow moves in the dlr majors are expected until European open.
However, pay attention to release of a slew of U.S. data later today, especially November durable goods data at 13:30GMT, street forecast is looking for a 0.6% drop following previous month's reading of 2.9%, a worse-than-expected reading would trigger more dlr selling.

For now, bids are noted at 120.80-70 and more below (possibly from Japanese importers) with stops building below December's low at 120.35. On the upside, initial offers are reported at 121.10/20 and more at 121.30/40 with stops above 121.50.

Data to be released on Wednesday:

New Zealand imports, exports, trade balance, U.K. nationwide house price, GDP, current account, France GDP, consumer spending, Swiss KOF indicator, Italy industrial sales, industrial order, retail sales, U.S. mortgage applications, build permits, consumption, PCE, durable goods, personal income, personal consumption, new home sales, Reuters/ University of Michigan consumer sentiment index, Canada GDP and retail sales.  

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Recommended Content


Recommended Content

Editors’ Picks

Bank of Japan holds interest rate in September, as expected

Bank of Japan holds interest rate in September, as expected

The Bank of Japan announced on Friday that it maintained the short-term rate target in the range of 0.15%-0.25%, following the conclusion of its two-day monetary policy review meeting. The decision aligned with the market expectations.

USD/JPY News
AUD/USD bears attack 0.6800 amid PBOC's status-quo, cautious mood

AUD/USD bears attack 0.6800 amid PBOC's status-quo, cautious mood

AUD/USD attacks 0.6800 in Friday's Asian trading, extending its gradual retreat after the PBOC unexpectedly left mortgage lending rates unchanged in September. A cautious market mood also adds to the weight on the Aussie. Fedspeak eyed. 

AUD/USD News
Gold consolidates near record high, bullish potential seems intact

Gold consolidates near record high, bullish potential seems intact

Gold price regained positive traction on Thursday and rallied back closer to the all-time peak touched the previous day in reaction to the Federal Reserve's decision to start the policy easing cycle with an oversized rate cut.

Gold News
Ethereum rallies over 6% following decision to split Pectra upgrade into two phases

Ethereum rallies over 6% following decision to split Pectra upgrade into two phases

In its Consensus Layer Call on Thursday, Ethereum developers decided to split the upcoming Pectra upgrade into two batches. The decision follows concerns about potential risks in shipping the previously approved series of Ethereum improvement proposals.

Read more
Bank of Japan set to keep rates on hold after July’s hike shocked markets

Bank of Japan set to keep rates on hold after July’s hike shocked markets

The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session. 

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures