Intra-Day Market Moving News and Views
08 Mar 2016 03:04GMT
USD/JPY - ...... Dlr tumbles in hectic Tokyo session as broad-based weakness in Asian stocks triggered active buying of yen on risk aversion.
The pair met renewed selling at Asian open at 113.52 n decline accelerated once stops at 113.10 were tripped, price later weakened to 112.75.
The lack of a short-covering bounce suggests market is eager to test dlr's downside, so selling the pair on recovery is the way to go.
Offers have been lowered 113.00/10 and more above with stops touted above 113.55.
Some bids are noted at 112.70-66 with more stops below there.
Data to be released on Tuesday included:
New Zealand manufacturing sales, Japan GDP, trade balance, current account, economy watcher poll, consumer confidence index, Australia business confidence, business conditions, China imports, exports, trade balance, Swiss unemployment rate, CPI, U.K. retail sales, Germany industrial production, France imports, exports, trade balance, current account, Eurozone GDP, Canada building permits, housing starts, U.S. Redbook and economic optimism
08 Mar 2016 03:04GMT
USD/JPY - ...... Dlr tumbles in hectic Tokyo session as broad-based weakness in Asian stocks triggered active buying of yen on risk aversion.
The pair met renewed selling at Asian open at 113.52 n decline accelerated once stops at 113.10 were tripped, price later weakened to 112.75.
The lack of a short-covering bounce suggests market is eager to test dlr's downside, so selling the pair on recovery is the way to go.
Offers have been lowered 113.00/10 and more above with stops touted above 113.55.
Some bids are noted at 112.70-66 with more stops below there.
Data to be released on Tuesday included:
New Zealand manufacturing sales, Japan GDP, trade balance, current account, economy watcher poll, consumer confidence index, Australia business confidence, business conditions, China imports, exports, trade balance, Swiss unemployment rate, CPI, U.K. retail sales, Germany industrial production, France imports, exports, trade balance, current account, Eurozone GDP, Canada building permits, housing starts, U.S. Redbook and economic optimism
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