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Intra-Day News and Views & data to be released today (USD/JPY)
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Intra-Day News and Views & data to be released today (USD/JPY)
Intra-Day Market Moving News and Views
16 May 2016 01:22GMT
USD/JPY - 108.78... Despite dlr's brief rise to session high at 109.59
in New York morning on Friday on the back of upbeat U.S. eco. data,
price tumbled to 108.57/59 near New York close, then edged lower to
108.47 in Australia today. However, the pair found some support there
and staged a short-covering rebound to 108.85 at Tokyo open due partly
to the release of soft Chinese data over the weekend.
Trading is likely to be thin today with several European markets closed today for Whit Monday holiday.
Offers are now seen at 108.90/00 and more above at 109.20/30 with stops
building up above there whilst initial bids are noted at 107.90/00,
suggesting selling on pullback is favored.
Data to be release:
Japan's Corporate Goods Price, Machine Tool Orders, Germany's Buba
Monthly Report, U.S.'s New York Empire State Manufacturing, NAHB Housing
Market Index, and Bank of Canada review on Monday.
Reserve Bank of Australia meeting minutes, Japan industrial reports,
Switzerland's PPI, Italy's Trade Balance, U.K.'s CPI, RPI, PPI, DCLG
House Price Index, Canada's Manufacturing Sales, U.S.'s CPI, Building
Permits, Housing Starts, Redbook and Industrial Output and Capacity
Utilization on Tuesday.
New Zealan's PPI, Japan's GDP, Australia's Westpac Consumer Confidence,
Wage Price Index, UK's ILO Unemployment, Average Earnings, Claimant
Count Unemployment Change, euro zone's CPI, and U.S.'s FOMC minutes on
Wednesday.
Japan's Machinery Orders, Australia's jobs reports, China's MNI Business
Sentiment, Japan's All Industry Index, France's ILO Unemployment, UK's
Retail Sales, ECB's Monetary Policy Meeting Account, U.S.'s Initial
Jobless Claims on Thursday.
Germany's PPI, euro zone's Current Account, Canada's Retail Sales, CPI, and U.S.'s Existing Home Sales on Friday.