Intra-day Market Moving News and Views
01 Dec 2015 03:12GMT
USD/JPY - ..... Dlr finally pares intra-day losses ahead of Tokyo lunch session after tanking from 123.28 to 122.64 despite yesterday's cross-inspired rally from 122.69 (Asia) to as high as 123.34 in NY. Traders citing broad-based long usd liquidation as the main reason for the intra-day steep fall.
As dlr has remained under pressure despite intra-day gains in the Nikkei, suggesting near term upmove from last week's low at 122.26 has made a top yesterday at 123.34 and choppy sideways swings are likely to continue and if the greenback continues to weaken versus its major peers, then the pair may ratchet lower in European trading.
Offers are noted at and 122.90/00 and more above with stops reported above 123.35.
Some bids are touted at 122.60-50 and more below with fairly large stops building below 122.20.
Data to be released on Tuesday:
New Zealand terms of trade, Australia manufacturing index, building approvals, private house approvals, current account, net export, Japan business Capex, mfg PMI, China manufacturing PMI, non-manufacturing PMI, Swiss GDP, retail sales, manufacturing PMI, Italy manufacturing PMI, unemployment rate, GDP, France manufacturing PMI, Germany manufacturing PMI, unemployment rate, EU unemployment rate, manufacturing PMI, U.K. manufacturing PMI, Canada GDP, manufacturing PMI, U.S. Redbook, ISM-manufacturing PMI, construction spending, services revenues and service sector outlook
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