Intra-day Market Moving News and Views 
14 Jan 2016
 01:47GMT

USD/JPY - ..... A sea of red is seen among Asia equity markets as o/n selloff in U.S. stocks triggered fresh wave of selling with the Nikkie leading the way and tumbled 4% shortly after the open on Thursday, so the Japanese yen and also the euro were bought as risk aversion trade whilst investors shunned risky currencies like aud, nzd and cad with the loonie falling again vs the usd in Asia to another fresh 12-year low of 1.4383. 

Offers are tipped at 117.70/80 and more at 118.00/10, some bids are noted at 117.30-10 are with stops touted below 117.00, however, there is market chatter of fairly large stops below Monday's 4-1/2 month bottom at 116.69, suggesting selling dlr on intra-day recovery is the way to go. 

Despite PBOC setting yuan's mid-point rate at 6.5616 (previous close at 6.5743), current offshore USD/CNH has currently jumped to 6.5000, suggesting dlr would remain under pressure vs the yen in Asian session.

Data to be released on Thursday: 

Japan domestic corporate goods price index, machinery orders, machine tool orders, Australia unemployment rate, employment, Germany real GDP growth, Italy industrial output, U.K. bank rate, QE total, MPC vote, U.S. initial jobless claims, export prices, import prices and Canada new housing price index.

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