Intra-Day Market Moving News and Views
07 Jul 2014 02:21GMT
USD/JPY - ... Although the greenback rose briefly to 102.20 in part due to the firmness in Japanese equities, selling interest below 102.35 resistance capped dlr's upside somewhat. On the downside, bids are located at 102.05-00 n more at 101.85-85.
U.S. dollar is likely to maintain a firm undertone this week as the Federal Reserve will release the minutes of June policy meeting on Wednesday at 18:00GMT amid speculation it will bring forward the timing of interest-rate increases.
In other news, economists expected Japanese Prime Minister Shinzo Abe may use an address to Australia's parliament this week to outline plans for expanding his nation's military role to collective self-defense. Abe will appoint a minister to shepherd laws enabling Japan? Self-Defense Forces to support allies, he said in an interview with the Yomiuri newspaper published earlier. The cabinet on July 1 approved a reinterpretation of Japan? pacifist constitution to allow military action in concert with other nations when Japan? security is at risk.
Earlier comments fm BoJ Governor Haruhiko Kuroda who was speaking at the quarterly meeting of BoJ branch managers, quote:
"Japan's economy continues to recover moderately as a trend."
"Japan's CPI likely to move around 1-1.5% for some time."
"Japan's financial system maintaining stability as a whole."
"Japan's QE has been exerting intended effects."
"Japan will continue with QE for as long as needed to achieve its 2% inflation target in stable manner."
"BoJ will examine upside, downside risks to economy, prices, n adjust policy as necessary."
07 Jul 2014 02:21GMT
USD/JPY - ... Although the greenback rose briefly to 102.20 in part due to the firmness in Japanese equities, selling interest below 102.35 resistance capped dlr's upside somewhat. On the downside, bids are located at 102.05-00 n more at 101.85-85.
U.S. dollar is likely to maintain a firm undertone this week as the Federal Reserve will release the minutes of June policy meeting on Wednesday at 18:00GMT amid speculation it will bring forward the timing of interest-rate increases.
In other news, economists expected Japanese Prime Minister Shinzo Abe may use an address to Australia's parliament this week to outline plans for expanding his nation's military role to collective self-defense. Abe will appoint a minister to shepherd laws enabling Japan? Self-Defense Forces to support allies, he said in an interview with the Yomiuri newspaper published earlier. The cabinet on July 1 approved a reinterpretation of Japan? pacifist constitution to allow military action in concert with other nations when Japan? security is at risk.
Earlier comments fm BoJ Governor Haruhiko Kuroda who was speaking at the quarterly meeting of BoJ branch managers, quote:
"Japan's economy continues to recover moderately as a trend."
"Japan's CPI likely to move around 1-1.5% for some time."
"Japan's financial system maintaining stability as a whole."
"Japan's QE has been exerting intended effects."
"Japan will continue with QE for as long as needed to achieve its 2% inflation target in stable manner."
"BoJ will examine upside, downside risks to economy, prices, n adjust policy as necessary."
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