Intra-Day Market Moving News and Views
17 Aug 2016 01:16GMT
USD/JPY - ...... Despite yesterday's selloff to 99.54 on broad-based buying of yen, the greenback rallied to 100.53 in New York on hawkish comments from Fed officials.
Dlr found renewed buying at 100.16 in Australia today and rose to 100.68 at Tokyo open due to the initial rise in Nikkei-225.
Market focus is now on the release of FOMC minutes today at 18:00GMT.
Traders will be looking closely for hints on when policymakers would look to hike interest rates next.
Bids are now seen at 100.20/30 and more below at 100.00/10 with stops building up below there whilst initial offers are noted at 101.20/30, suggesting choppy trading with upside bias would be seen.
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