Intra-Day Market Moving News and Views
18 Apr 2016 01:05GMT
USD/JPY - ....... Dlr 'gap-down' opened below Friday's New York low of 108.60 to as low as 107.75 (Reuters) in NZ this morning on broad-based buying in yen for risk aversion after an earthquake a 7.0 magnitude earthquake hit southern Japan's Kyushu Island on Saturday.
Later, despite a recovery to 108.46 ahead of Asian open, price retreated to 107.90 in Tokyo morning due to a decline of near 3% in Nikkei (currently down 2.7% or 454 points to 16,393).
Today, NAHB will release its housing market index for U.S. at 14:00GMT, however, focus of the market will be on the speeches from New York Fed President William Dudley andn Minneapolis Federal Reserve president Neel Kashkari at 12:30GMT n 16:30GMT respectively.
At present, offers are reported at 108.30-40 n more at 108.50-70 region with mixture of offers and stops located at 108.80-90.
On the downside, initial bids are noted at 107.70-60 and then 107.50-40 with stops below 107.30.
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