Intra-Day Market Moving News and Views
28 Apr 2016 01:12GMT
USD/JPY - ...... Despite dlr's volatile swings in post-FOMC New York session, price found renewed buying at 111.08 and later climbed above o/n New York high of 111.75 to 111.86 in Tokyo morning on Thursday due to renewed broad-based gain in usd.
Today's focus for the greenback will be on the release of U.S. GDP, PCE n weekly jobless claims at 12:30GMT.
Market expects the U.S. economy to slowdown to 0.7% in Q1 compare to 1.4% in previous quarter.
Meanwhile, forecast for the number of Americans filing for unemployment benefits last week is to be 260K compare to previous reading of 247K.
At present, bids are noted at 111.60-50 and then 111.40-30 with stops below 111.20, whilst offers are noted ahead of Monday's 3-week peak at 111.91 with stops above there, however, selling interest from various accounts is tipped at 112.00-20 region.
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