Intra-Day Market Moving News and Views
27 Apr 2016 01:12GMT
USD/JPY - ...... Dlr rebounded after a brief selloff to 110.67 in European morning yesterday due to renewed broad-based selling in yen on improved risk appetites. Later, price ratcheted higher to 111.47 in o/n New York before retreating to 111.14 shortly after Asian open on Wednesday.
Today, investors should pay attention to the release U.S. Pending home sales and U.S. trade balance for March in New York morning, then the announcement of latest Fed's monetary policy and statement in New York afternoon (18:00GMT and 18:30GMT respectively). Having said that, the FOMC is expected to leave its benchmark rate unchanged in a range of 0.25% to 0.50% n with virtually no expectations for a rate increase, and no press conference or economic projections, it could be one of the most low-key Fed events.
At present, bids are noted at 111.10-00 and more 110.90-80 with stops below 110.60, whilst offers are reported at 111.30-40 and then 111.60-70 with stops above 111.90.
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