Intra-Day Market Moving News and Views
22 Apr 2015 02:21GMT
USD/JPY - ...... Despite dlr's retreat from 119.83 to 119.43 in NY session due partly to cross-buying in yen, price edged higher in NY afternoon and climbed to 119.78 in Wednesday's Tokyo morning on renewed broad-based buying in the greenback before easing.
Today, expect fund flows to dominate the market in Asia and buying dlr on dips is recommended due to the intra-day rise in Nikkei to a fresh 15-year high (N225 is currently up 1.07% to 20122).
However, 120.00 level may limit upside in early Europe as investors are awaiting the release of U.S. housing data, these include monthly home price and existing home sales at 13:00GMT and 14:00GMT respectively.
At the moment, bids are noted at 119.40-30 and then 119.10-119.00 with mixture of bids and stops located at 118.80-70.
On the upside, offers from various accounts are reported at 119.90-00 and around 120.10 with stops emerging just above 120.30.
Wednesday will see the release of Japan's export, import and trade balance, Australia's CPI, China's CB leading economic index, Bank of England vote outcome, Swiss ZEW investor sentiment, U.S. monthly home prices, existing home sales and eurozone consumer confidence.
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