Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
26 Oct 2015 01:01GMT

USD/JPY - ....... The greenback has finally retreated from 121.51 in thin trading conditions ahead of Australian open as New Zealand markets are closed for Labour day holiday and price retreated to 121.10 at Tokyo open on profit-taking offers. Dlr rallied from Friday's European low at 120.23 to as high as 121.47 in New York afternoon on improved risk appetite, triggered by interest rate cut from China's central bank together with rally in U.S. equities.

In the absence of major eco. data from U.S., orderbook is light with bids noted at 121.00/10 and some more below at 120.80/90 with stops building up below there whilst initial offers are noted at 121.50/60, suggesting mild upside bias would be seen.

Data to be released :

Germany Ifo reports, Bundesbank monthly report, UK BBA mortgage approvals, CBI industrial trends, U.S. new home sales on Monday.

New Zealand trade balance, Australia CPI, Switzerland UBS consumption indicator, UK GDP (prelim), U.S. durable goods orders, Redbook, building permits (revised) and consumer confidence on Tuesday.

New Zealand RBNZ rate decision, Japan retail sales, Germany Gfk consumer sentiment, France consumer confidence, Italy consumer confidence, business confidence, U.S. goods trade balance on Wednesday, Fed's interest rate decision on Wednesday.

Japan industrial output, industrial production, Australia exports and imports, UK Nationwide house price, Germany unemployment reports, CPI and HICP, euro zone business climate, consumer inflation expectation, economic sentiment, industrial sentiment, U.S. pending home sales on Thursday.

Japan all household spending, CPI, unemployment rate, construction orders, housing starts, New Zealand NBNZ Business outlook, UK GfK consumer confidence, Australia housing credit, PPI, France consumer spending, producer prices, Switzerland KOF indicator, Italy unemployment rate, CPI (prelim), producer prices, euro zone inflation (flash), unemployment rate, U.S. employment costs, employment wages, PCE, personal consumption real, personal income, consumption, core PCE, Chicago PMI, and Canada GDP on Friday.