Intra-Day Market Moving News and Views
12 Feb 2016 01:44GMT
USD/JPY - .... The Japanese yen took centre stage again in Asia today, not by its sharp price moves but by Japanese officials' rhetorics (see previous updates) who expressed dismay over this week's spectacular but unwelcome yen's ascent.
Although dlr briefly dipped to 111.91 when the Nikkei opened lower weakened by 4%, falling briefly below psychological 15,000 level, intra-day recovery in the N225 index plus comments by Japanese officials quickly lifted the pair to 112.60.
Looks like dlr would gain respite today n brings choppy trading above yesterday's fresh 15-month trough at 110.99. If Asian stocks pare recent losses, one can expect a modest bounce.
Bids are noted at 116.80-60 area and more below with stops below 110.90.
Offers are tipped at 112.60/70 with some stops above there, however, more selling interest is reported at 113.00/20 area. Pay attention to release of key U.S. retail sales at 13:30GMT.
Data to be released on Friday:
Germany CPI, GDP, Harmonised index of consumer prices, France nonfarm payrolls, Italy GDP, Eurozone GDP, industrial production, U.S. retail sales, import price index, export price index, leading economic index, business inventories and Reuters/University of Michigan consumer sentiment index.
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