Intra-Day Market Moving News and Views USD/JPY EUR/USD
17 Apr 2014 09:12GMT
Japan gov't official says 'BoJ Kuroda told meeting that BoJ will continue with monetary easing to support private demand-led econ recovery.'
In stark contrast to y'day's firmness in Europe due to the rally in Nikkei, dlr trades with a soft undertone in European morning as early broad-based cross unwinding in yen knocked the pair lower to 101.86 in Asia n present weakness in the Nikkei futures suggests dlr wud remain under pressure until NY open.
Offers are noted at 102.00/10 with 1st layer of stops abv 102.20, however, more selling interest is tipped at 102.30/40. On the downside, a mixture of buying interest n stops is reported at 101.85/80, so selling dlr on recovery is favoured.
Japan Vice EconMin Nishimura says 'economy remains on firm footing after sales tax hike; impact of sales tax within expectation, seen as temporary; expecting Japan economy to steadily recovery toward beating deflation.'
17 Apr 2014 09:11GMT
EUR/USD - 1.3849.. Euro rises again in Europe following initial cable-led strg rebound in Asia. Despite trading narrowly at European open, traders cited buying interest abv 1.3835 n stops abv y'day's 1.3851 high are now in focus. However, there is talk of fairly large offers at 1.3860/70 area, so unless euro can absorb these offers, do not get overly bullish as price may well do a u-turn after a test on the upside fails.
Since today is the last trading day of the week in Europe, position adjustments may have a strg influence on near term price swings in European morning session. Market awaits release of U.S. weekly jobless claims later in the day at 12:30GMT.
17 Apr 2014 09:12GMT
Japan gov't official says 'BoJ Kuroda told meeting that BoJ will continue with monetary easing to support private demand-led econ recovery.'
In stark contrast to y'day's firmness in Europe due to the rally in Nikkei, dlr trades with a soft undertone in European morning as early broad-based cross unwinding in yen knocked the pair lower to 101.86 in Asia n present weakness in the Nikkei futures suggests dlr wud remain under pressure until NY open.
Offers are noted at 102.00/10 with 1st layer of stops abv 102.20, however, more selling interest is tipped at 102.30/40. On the downside, a mixture of buying interest n stops is reported at 101.85/80, so selling dlr on recovery is favoured.
Japan Vice EconMin Nishimura says 'economy remains on firm footing after sales tax hike; impact of sales tax within expectation, seen as temporary; expecting Japan economy to steadily recovery toward beating deflation.'
17 Apr 2014 09:11GMT
EUR/USD - 1.3849.. Euro rises again in Europe following initial cable-led strg rebound in Asia. Despite trading narrowly at European open, traders cited buying interest abv 1.3835 n stops abv y'day's 1.3851 high are now in focus. However, there is talk of fairly large offers at 1.3860/70 area, so unless euro can absorb these offers, do not get overly bullish as price may well do a u-turn after a test on the upside fails.
Since today is the last trading day of the week in Europe, position adjustments may have a strg influence on near term price swings in European morning session. Market awaits release of U.S. weekly jobless claims later in the day at 12:30GMT.
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