Intra-Day Market Moving News and Views
01 Apr 2016 01:07GMT
USD/JPY - ...... Despite dlr's rebound after ratcheting lower from Thursday's Asian high of 112.66 to 112.11 in New York session, intra-day retreat from o/n New York high of 112.61 to 112.21 in Tokyo morning suggests directionless session inside near term established range of 112..02-112.68 would continue ahead of the release of important U.S. non-farm payrolls data in New York morning later today.
Market's focus today is surely on release of the US non-farm report as the Federal Reserve takes into account the health of the labour market in determining the timing of another interest rate hike. Market expects U.S. to have added 205K jobs to the economy in March compared to 242K the previous month. Having said that, investors should also pay attention to the release of U.S.'s average hourly earnings, unemployment rate as well as the Markit manufacturing PMI and ISM manufacturing PMI which are scheduled to release later in NY morning at 13:45GMT n 14:00GMT respectively.
At present, offers are noted at 112.50-60 and then 112.80-90 with stops above there, whilst bids are noted at 112.20-10 and more around 112.00 with stops below there.
Data to be released on Friday:
Australia AIG manufacturing index, Japan Tankan big manufacturing index, Tankan big non-manufacturing index, Tankan large all industry Capex, Tankan small manufacturing index, Tankan small non-manufacturing index, Tankan small all industry Capex, manufacturing PMI, China non-manufacturing PMI, manufacturing PMI, Swiss retail sales, manufacturing PMI, Italy Markit manufacturing PMI, unemployment rate, France Markit manufacturing PMI, Germany Markit manufacturing PMI, Eurozone Markit manufacturing PMI, unemployment rate, U.K. Markit manufacturing PMI, U.S. non-farm payrolls, unemployment rate, private payrolls, manufacturing payrolls, average earnings, participation rate, manufacturing PMI, construction spending, Reuters/University of Michigan consumer sentiment index and Canada RBC manufacturing PMI.
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