Intra-day Market Moving News and Views
12 Jan 2016 02:24GMT
USD/JPY - ...... Dlr rebounded after retreating from 118.03 to 117.19 in New York session on Monday and then climbed back to 118.03 again in Asia today due partly to comments from Dallas Fed President Robert Kaplan (see our prev. MMN) before retreating.
Focus of market participants for the greenback is on the speeches from Fed's Stanley Fischer, BoJ's Governor Kuroda and Fed's Lacker at 10:00GMT, 10:30GMT and 20:15GMT respectively, therefore, dlr/jpy pair is expected to continue to move sideways in Asia.
At present, bids are reported at 117.60-50 and then 117.40-30 with stops just below 117.20.
On the upside, offers are noted at 118.10-20 and around 118.30 with stops above 118.50.
Data to be released on Tuesday:
Japan current account, trade balance, consumer confidence index, economy watchers poll, U.K. industrial production, ,manufacturing output, NIESR GDP estimate, U.S. business optimism index, Redbook and Canada manufacturing sales.
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