Intra-Day Market Moving News and Views
12 Apr 2016 02:00GMT
USD/JPY - ...... Although the greenback retreated after yesterday's intra-day rebound from a fresh 17-month trough at 107.63 (Asia) to 108.44 in New York morning, renewed buying emerged at 107.79 n price later staged a bounce to 108.13 in New York afternoon, then 108.27 in Tokyo morning on Tuesday as intra-day rise in Nikkei (currently up 104 points to 15,855) improved risk appetites.
Today, U.S. will release its Import Prices n Export Prices for March in New York morning. Having said that, focus of the market will be on the speeches from several Fed's officials later in New York session, they are Philadelphia Fed President Patrick Harker (13:00GMT), San Francisco Fed President John Williams (19:00GMT), and Richmond Fed President Jeffrey Lacker (20:00GMT).
At the moment, offers are noted at 108.30-40 and more at 108.60-70 with stops above 108.90.
On the downside, initial bids are tipped at 107.90-80 and then 107.70-60 with stops below there.
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