Intra-Day Market Moving News and Views
27 Jan 2015 02:11GMT
USD/JPY - ...... The greenback rose strongly from Monday's low at 117.27 to 118.50 and then 118.66 in Tokyo morning today on renewed risk appetite amid optimism Syriza's victory in elections won? lead to a Greek exit from the euro area.
Bids are now located at 118.25-20 and more at 118.10 with mixture of bids and stops seen at 118.00.
On the upside, offers are tipped at 118.70-80 with sizeable stops building up above 118.90 and 119.00.
Yesterday although the greenback opened lower in NZ and dropped to session low at 117.18 ahead of Asian open, price rebounded to 117.83 at Asian open and continued to trade with a firm bias.
Dlr, then rallied to session high at 118.49 at NY open due partly to broad-based cross-unwinding of the Japanese yen before retreating briefly to 118.13 in NY morning.
However, renewed buying there lifted the pair and price recovered to 118.47.
Tuesday will see the release of Australia's NAB Business Conditions, NAB Business Confidence, China's CB leading economic index, France's Business Climate, EU Finance Ministers meeting, U.K.'s GDP, BBA Mortgage Approvals, U.S.'s Durable goods orders, Redbook, Markit Service PMI, New Home Sales, Consumer Confidence
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