Intra-Day Market Moving News and Views
08 Oct 2015 00:44GMT
USD/JPY - ...... The greenback fell sharply to 119.77 in Asian morning yesterday after BoJ announced no new policy measures before staging a rebound to 120.18 ahead of New York open.
However, renewed selling there pressured the pair lower to session low at 119.75 in New York morning before recovering. Dlr came under pressure ahead of Asian open and dropped to 119.84 after data showed Japan machinery orders unexpectedly fell in August.
Mkt focus is now on the release of FOMC minutes at 18:00GMT. Investors will be looking for the points which Fed delayed its rate hike and for hints about when the central bank will consider raising rates.
Bids are now seen at 119.80/90 and more below at 119.60/70 with stops building up below there whilst initial offers were noted at 120.50/60, suggesting buying on dips is favored.
Data to be released on Thursday:
Japan machinery orders, current account, consumer confidence, machine tool orders, Australia HIA new home sales, Switzerland unemployment rate, Germany trade reports, UK RICS housing price, BoE rate decision, QE total, MPC vote outcome, monetary policy statement, BoE meeting minutes, ECB meeting minutes, Canada housing starts, new housing price, and FOMC meeting minutes.
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