Intra-day Market Moving News and Views
08 Dec 2015 01:18GMT
USD/JPY - ........ The greenback resumed its recent ascent post the release of Friday's upbeat U.S. jobs report and gained to session high at 123.48 in European morning yesterday, however, broad-based buying of JPY pressured the pair lower to 123.20 at New York midday.
Later, price staged a rebound to 123.40 ahead of Tokyo open before falling again to 123.22 as data showed Japan narrowly avoided a technical recession.
Since there is no major eco. data releases from U.S. today, price is likely to trade with a similar bias today.
Bids are now seen at 123.10/20 and more below at 122.90/00 with stops building up below there whilst initial offers are noted at 123.50/60 and more above at 123.70/80.
Data to be released on Tuesday:
New Zealand manufacturing sales, Japan current account, economy watchers poll, GDP, U.K. retail sales, industrial output, manufacturing output, Australia business conditions, business confidence, China exports, imports, trade balance, France budget balance, exports, imports, trade balance, euro zone's GDP, U.S. business optimism, Redbook, Canada house starts and building permits
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