Intra-day Market Moving News and Views
15 Jan 2016 01:55GMT
USD/JPY - ...... Although dlr ended Thursday's session above 118.00 level after swinging wildly in Europe & New York as rebound in U.S. stocks boosted risk sentiment and led to broad-based yen-selling, price rallied from New York morning low of 117.43 to as high as 118.28.
Despite initial sideways move ahead of Asian open and a higher open in the Nikkie, intra-day rise in USD/CNH (offshore) after the morning PBOC yuan's mid-point fixing triggered a sudden wave of yen buying and pressured the pair to 117.85.
Looks like dlr may orbit the 118.00 level in directionless Asian morning as offers are tipped at 118.20-40 area with stops above there, some bids are noted at 117.85-75 and more below with fairly good buying interest at 117.30-20.
Traders are expected to take cue from intra-day Asian and later European stocks' movement, however, pay attention to a slew of important U.S. economic data due out later today, in particular, Dececember retail sales, street forecast is looking for a 'flat' growth vs previous reading of 0.2%, a weaker-than-expected number would pressure U.S. stocks and the usd vs yen and euro.
Data to be released on Friday:
Australia home loans, France budget, Italy consumer price index, Eurozone trade balance, U.S. retail sales, producer price index, Empire State manufacturing index, industrial output, capacity utilization, Reuters/Michigan consumer sentiment index and business inventories
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