Intra-Day Market Moving News and Views
20 Jan 2016 01:32GMT
USD/JPY - ....... The greenback found support at 117.23 yesterday in Asian morning and rose to intra-day high at 118.11, however, renewed selling there pressured the pair lower and price dropped to 117.31 in New York afternoon. Despite a brief recovery to 117.69 in Australia, renewed weakness in Nikkei-225 index sent dlr lower and price fell to 117.26 in Tokyo morning.
Pay attention to the release of U.S. CPI mm and yy at 13:30 GMT. Street forecasts are 0.0% and 0.8% vs previous readings of 0.0% and 0.5% respectively.
Offers are now lowered to 117.50/60 and more above at 117.70/80 with stops building up above there whilst initial bids are noted at 117.00/10, suggesting selling on pullback is favored.
Data to be released on Wednesday:
New Zealand CPI, Germany producer price index, U.K. unemployment rate, average earnings, claimant change, Swiss investor sentiment, U.S. mortgage application, CPI, building permits, housing start, Redbook, Canada manufacturing sales, wholesale trade and BoC rate decision
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