Intra-day Market Moving News and Views
10 Dec 2015 01:33GMT
USD/JPY - ...... The greenback fell from Asian high at 123.05 to as low as 121.83 on safe haven demand of jpy. Dlr met renewed selling interest at 122.27 in New York morning after the release of downbeat U.S. wholesale inventories sales and tumbled to intra-day low at 121.07 in New York morning.
However, price pared its losses and staged a short-covering rebound to 121.75 ahead of Tokyo open before falling again to 121.28 in Tokyo morning.
Pay attention to the release of U.S. jobless claims at 13:30GMT. Street forecast is for an unchanged figure at 269K.
Offers are now seen at 121.70/80 and more above at 121.90/00 with stops building up above there whilst initial bids are noted at 121.10/20, suggesting choppy trading with near term downside bias would be seen.
Data to be released on Thursday:
New Zealand retail sales, Japan survey index, corporate good price, Australia employment, unemployment rate, France non-farm payroll, CPI, industrial output, inflation ex-tobacco, Swiss interest rate, U.K. housing survey, trade balance, BoE monetary policy decision, U.S. initial jobless claims, export prices, import prices, Federal budget, Canada capacity utilization and new housing price index.
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