Intra-day Market Moving News and Views
13 Jan 2016 02:00GMT
USD/JPY -....... Dlr moved in a volatile fashion in directionless Tuesday's session. Although price re-tested Monday's 118.03 in Asia, selloff in the Nikkei sent price lower to 117.23 before rising to 118.08 in New York morning but later fell to 117.38.
Having said that, recovery in the Dow pushed price higher in late New York and price climbed back to above 118.00 level in Tokyo morning on Wednesday.
Today's focus in Asia will be on the release of China's trade data at 02:00GMT. Market expects the trade surplus in December to narrow slightly to 53.0B compare to 54.1B in preceding month.
Later in New York session, investors soulud pay attention to the speeches from Fed's Rosengren n Fed's Evans, then the release of Fed's Beige Book.
At the moment, bids are reported at 117.90-80 and more at 117.60-50 with stops below there, whilst offers are noted at 118.20-30 and then 118.40-50 with stops above there.
Data to be released on Wednesday:
China exports, imports, trade balance, France CPI, inflation ex-tobacco, Eurozone industrial production, U.S. mortgage applications and budget.
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