Intra-Day Market Moving News and Views
Update Time: 27 May 2020 04:30GMT
USD/JPY - 107.49.. Despite yesterday's initial rise to 107.92 after downbeat comments by BOJ Gov Kuroda, price quickly erased intra-day gain n fell to 117.41 at U.S. open due to broad-based usd's weakness on return of risk-on sentiment which spilled over into New York session.
However, the greenback pares Tue's losses vs its G7 peers at Tokyo open as traders tighten their short usd positions due to renewed U.S./China tensions over H.K.'s China national anthem bill which goes into 1st reading at H.K. legislative council today, yen strengthened broadly vs usd, euro, sterling, suggesting sideways swings are in store.
Offers are tipped at 117.70/80 with stops above 118.10, some bids are noted at 107.40-30 with stops below there.
On the data front, U.S. will release some 2nd-tier eco. data starting with MBA mortgage applications, redbook sales n then Richmond Fed mfg index. St. Louis fed Bullard will speak at 16:30GMT and Fed will release its Beige book at 18:00GMT, the Atlanta Fed President Bostic will speak at 19:00GMT.
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