Intra-day Market Moving News and Views
30 Jul 2015 02:33GMT
USD/JPY - 124.16... Dlr continues o/n gain in Asian morning on Thursday following the release of FOMC statement in Wednesday's NY afternoon session which showed that Fed is on track to raise rates. Price briefly dipped to 123.88 just ahead of Asian open before rising above o/n NY high of 124.03 to 124.17.
Today's major focus for the greenback after y'day's FOMC statement is the release of preliminary reading for U.S. Q2 GDP and the weekly jobless claims at 12:30GMT. Market expects the U.S. GDP annualized rate for Q2 to return to positive territory n show a rise of 2.6% compares to previous reading of -0.2% due to bad weather ion Q1, while the weekly U.S. jobless claims to increase 15K to 270K. Meanwhile, investors should also pay attention to the release of U.S. trade balance and personal consumption expenditures prices for Q2 which are also to be released at 12:30GMT.
At the moment, initial buying interest is noted in 124.00-123.90 and solid bids at 123.55-50 with stops stops just below 123.30.
On the upside, offers from exporters are reported at 124.35-45 with fairly stops touted above 124.50.
Thursday will see the release of New Zealand's building consents, Japan's industrial output and IP forecast, Australia's building approvals, import and export prices, Swiss KOF indicator, Germany's unemployment, eurozone business climate, consumer inflation expectation, consumer confidence, unemployment rate, eurozone unemployment rate, Germany's CPI and HICP, U.S. initial jobless claims.
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