Intra-Day Market Moving News and Views
11 Apr 2016 01:03GMT
USD/JPY - ...... Although dlr recovered ahead of Asian open on Monday after extending selloff from Friday's high of 109.10 to 107.83 at New Zealand open, intra-day decline in Nikkei (currently down 224.50 to 15,597) triggered another wave of buying in yen for risk aversion and pressured price lower again to 107.87 in Tokyo morning before moving sideways.
Today, focus in Asian session will be on the speech from Bank of Japan Governor Haruhiko Kuroda who will deliver speech at annual meeting of trust banks at 06:15GMT.
Later, despite the absence of economic reports from U.S., Federal Reserve Bank of Dallas President Robert Kaplan will participate in a moderated question-and-answer session before a community forum hosted by the Federal Reserve Bank of Dallas at 17:00GMT.
At present, offers are reported at 108.10-20 and then 108.30-40 with mixture of offers and stops in the region of 108.60-80.
On the downside, bids are noted ahead of last Thursday's fresh 17-mohth trough at 107.67 with stops below there.
However, buying interest from various accounts are tipped further out in the region of 107.40-20.
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.
Recommended Content
Editors’ Picks
AUD/USD posts gain, yet dive below 0.6500 amid Aussie CPI, ahead of US GDP
The Aussie Dollar finished Wednesday’s session with decent gains of 0.15% against the US Dollar, yet it retreated from weekly highs of 0.6529, which it hit after a hotter-than-expected inflation report. As the Asian session begins, the AUD/USD trades around 0.6495.
USD/JPY finds its highest bids since 1990, approaches 156.00
USD/JPY broke into its highest chart territory since June of 1990 on Wednesday, peaking near 155.40 for the first time in 34 years as the Japanese Yen continues to tumble across the broad FX market.
Gold stays firm amid higher US yields as traders await US GDP data
Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying.
Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30
Ethereum suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.
Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data
The DJIA stumbled on Wednesday, falling from recent highs near 38,550.00 as investors ease off of Tuesday’s risk appetite. The index recovered as US data continues to vex financial markets that remain overwhelmingly focused on rate cuts from the US Fed.