Intra-day Market Moving News and Views
16 Oct 2015 00:43GMT
USD/JPY - ...... Despite yesterday's resumption of recent downtrend to a fresh 6-week trough at 118.06 ahead of New York open, the greenback rebounded to 118.78 at New York open, then rallied to 119.16 at Asian open, helped by the release of upbeat U.S. inflation n jobless claims data together with hawkish comments from some of the Fed officials.
U.S. will release its prelim. figure of University of Michigan consumer sentiment at 14:00GMT. Street forecast is for an increase to 89.0 from previous reading of 87.2.
Offers have now been raised to 119.40/50 n more above at 119.60/70 with stops building up above there whilst initial bids are noted 118.40/50, suggesting further choppy trading would be seen.
Data to be released on Friday:
New Zealand CPI, Australia Financial Stability Report, Italy trade balance, euro zone trade balance, inflation reports, Canada manufacturing sales, U.S. capacity utilization, industrial output, net long-term flows.
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