Intra-day Market Moving News and Views
20 Nov 2015 01:27GMT
USD/JPY - .......... The greenback fell sharply to 123.09 in Asian morning yesterday and continued to ratchet lower throughout European session. Price eventually fell to an intra-day low at 122.62 on broad-based profit-taking in the buck. However, dlr pared its losses and staged a rebound to 122.89 in New York afternoon, then higher to 123.05 in Tokyo morning today.
Since there is no eco. data due today, price is likely to trade in sideways manner below Wed's post-FOMC high at 123.77.
Offers are now seen at 123.20/30 n more below at 123.40/50 with stops building up above there whilst initial bids are noted at 122.50.
Data to be released on Friday:
Japan BoJ economic survey, Germany producer prices, U.K. public sector net borrowing, Canada CPI and EU consumer confidence flash.
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