Intra-Day Market Moving News and Views EUR/USD, USD/JPY
24 Apr 2014 08:32GMT
EUR/USD - 1.3836... The singlecurrency traded with a firm bias in Asia today n despite a brief but sharp movelower to 1.3812 at European open on the release of weak French data, pricefound renewed buying there and rose to an intra-day high at 1.3841 after therelease of better-than-expected German IFO business climate.
Bids are now seen at 1.3815/20 n more below at1.3790/00 with stops building up below there whilst initial offers are noted at1.3860/65.
Germany IFO business climate n expectations camein better-than-expected at 111.2 n 107.3 vs forecasts of 110.4 n 105.8respectively.
IFO economist Wohlrabe says 'Ukraine crisis iscurrently having no effect on German economy but is a background factor;positive fundamental mood prevails, Germany is in upturn.'
24 Apr 2014 08:31GMT
USD/JPY- 102.42... Japan EconMin Akira Amari says 'U.S. n Japan made progress intrade talks, but problems remain; Japan will continue trade talks with U.S.;cannot resolve remaining issues in U.S. trade talks in short period of time.'
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