Intra-day Market Moving News and Views
28 Dec 2015 01:00GMT
USD/JPY - ....... Dlr trades above last Friday's 7-week trough of 120.06 in holiday-thinned Asian morning, with NZ & Australia together with many European centres (including U.K.) are still on holiday, sharp moves are unlikely to be seen and order flows may have strg influence on intra-day price swings.
Although dlr showed muted reaction to the release of downbeat Japanese data earlier, sideways move with mild upside bias is seen for a minor recovery.
However, recent decline is expected to resume later today. For now, some offers are noted at 120.40/50 with stops above 120.75, initial bids are touted at 120.10-00 with stop below 119.90.
Reuters just reported Japan's industrial output fell 1.0 percent in November from the previous month, government data showed on Monday, suggesting that sluggish emerging market demand continues to cloud the outlook for the economy.
The fall compared with a median market forecast of a 0.6 percent drop, data from the Ministry of Economy, Trade and Industry showed.
The retail sales also fell 1.0 percent in November from a year earlier, more than a median market forecast for a 0.6 percent decline, government data showed on Monday.
Manufacturers surveyed by the ministry had expected output to rise 0.9 percent in December and increase 6.0 percent in January.
28 Dec 2015 01:00GMT
USD/JPY - ....... Dlr trades above last Friday's 7-week trough of 120.06 in holiday-thinned Asian morning, with NZ & Australia together with many European centres (including U.K.) are still on holiday, sharp moves are unlikely to be seen and order flows may have strg influence on intra-day price swings.
Although dlr showed muted reaction to the release of downbeat Japanese data earlier, sideways move with mild upside bias is seen for a minor recovery.
However, recent decline is expected to resume later today. For now, some offers are noted at 120.40/50 with stops above 120.75, initial bids are touted at 120.10-00 with stop below 119.90.
Reuters just reported Japan's industrial output fell 1.0 percent in November from the previous month, government data showed on Monday, suggesting that sluggish emerging market demand continues to cloud the outlook for the economy.
The fall compared with a median market forecast of a 0.6 percent drop, data from the Ministry of Economy, Trade and Industry showed.
The retail sales also fell 1.0 percent in November from a year earlier, more than a median market forecast for a 0.6 percent decline, government data showed on Monday.
Manufacturers surveyed by the ministry had expected output to rise 0.9 percent in December and increase 6.0 percent in January.
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