AceTraderFx Apr 24: Intra-Day Market Moving News and Views USD/JPY, NZD/USD

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AceTraderFx May 22: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
22 May 2015 02:29GMT

USD/JPY - ...... Dlr edged lower in Tokyo morning on Friday after meeting renewed selling at 121.09 at Asian open as a string of downbeat U.S. data Thursday added to concerns over the strength of the U.S. economy.

The main event in Asian session today is the announcement of latest BoJ views on monetary policy. BoJ is widely to stand pat on its policy after its 2-day board meeting around 03:30-04:30GMT.
After that, BoJ Governor Haruhiko Kuroda will hold a news conference at 06:30GMT to explain the board's decision.
Until then, choppy sideways trading around 121.00 level is likely to be seen.

In NY session, focus will be on U.S. inflation reports n the speech of Federal Reserve Chair Janet Yellen. The headline CPI is expected to rise 0.1% in April compare to 0.2% gain a month earlier. Yellen is scheduled to speak on the U.S. economic outlook before the Greater Providence Chamber of Commerce Economic Outlook Luncheon.

At present, stops located just below 120.80 are in focus. Having said that, buying interest from various accounts is tipped at 120.70-50 region with mixture of bids and stops at 120.20-10.
On the upside, offers are placed at 121.10/15 and around 121.30 with stops building up just above 121.48 (Wednesday's post-FOMC minutes high).

Friday will see the release of Japan's Tankan DI, China's CB leading economic index, Bank of Japan monetary policy statement and press conference, Germany's GDP, Ifo business climate, U.K. PSNCR, U.S. CPI, Canada's CPI and retail sales. Investors are awaiting a speech on Friday by Fed Chair Janet Yellen to have any indication of the timing of interest rates hike.

 

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AceTraderFx May 22: Intra-day Market Moving News and Views (USD/JPY)

Intra-day Market Moving News and Views
22 May 2015 07:47GMT

USD/JPY - ...... Although dlr has remained under pressure n then fell to 120.64 in European morning after release of unchanged BoJ monetary policy decision in Asia and then comments from BoJ Kuroda (see our prev. MMN), cross-selling in yen vs other major ccys limited intra-day losses there and price moved sideways afterwards.

Looks like choppy trading below 121.00 level would be seen ahead of NY open as investors are shifting their focus to the important U.S. inflation data at 12:30GMT.
As mentioned previously, market expects the headline CPI to rise 0.1% in April compare to 0.2% gain a month earlier.

Buying interest from various accounts is reported at 120.60-50 with mixture of bids and stops at 120.20-10.
On the upside, offers are placed 120.90-00 and then 121.10/15 with mixture of offers and stops at 121.30-121.40.

 

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AceTraderFx May 27: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
27 May 2015 02:18GMT

USD/JPY - ..... Despite dlr's sideways move after retreating from a fresh near 8-year peak at 123.33 to 122.84 in NY session, price staged a rebound to 123.31 in Tokyo morning following 'hawkish' comments from Richmond Fed President Jeffrey Lacker (see our previouys update) before easing.

As a slew of upbeat U.S. economic data on Tuesday has boosted demand for the greenback, suggesting upside bias remains for dlr's uptrend to resume later today once near term consolidation is over and therefore, buying dlr on dips is the way to go.

At present, bids are noted at 123.00-122.90 with mixture of bids and stops at 122.50-40.
On the upside, offers from Japanese exporters and profit-taking are reported at 123.30-40 and more around 123.60 with real selling interest located at 123.90-00.

Wednesday will see the release of BOJ's meeting minutes, Australia's Westpac leading index, Germany's GfK consumer sentiment, EU financial stability review, Bank of Canada's rate decision and rate statement, U.S. building permits.

 

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AceTraderFx Jun 3: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
03 Jun 2015 02:24GMT

USD/JPY - ...... Dlr recovered to 124.26 in NY session on short-covering and then moved sideways after early intra-day strong retreat from a fresh 12-1/2 year peak at 125.07 to 123.75 due to broad-based weakness in the greenback led by intra-day rally in usd/eur pair.
Price climbed to 124.24 in Tokyo morning and then retreated after comments from BoJ's Shirai (see our prev. MMN).

Although dlr continues to trade with a soft bias in Asia and selling the usd/jpy pair on recovery is recommended.
Sharp fall below 123.75 (NY) is unlikely to be seen and price should hold well above 123.00 ahead of the release of a slew of U.S. eco data in NY session, these include ADP national employment, trade balance, ISM non-mfg index and then Beige book.

Private nonfarm payrolls in the U.S. are forecast to increase by 190K (seasonally adjusted) in May update of the ADP Employment Report, more than 169K increase in April.
U.S. trade deficit is expected to narrow to $44.3 bln from $51.4 bln in preceding month whilst ISM non-mfg index to tick down to 57.0 last month from 57.8 in April.

Wednesday will see the release of Australia's GDP, China's HSBC services PMI, U.K. Nationwide house price, Germany's Markit services PMI, eurozone Markit services PMI final, U.K. Markit/CIPS services PMI, eurozone unemployment rate, retail sales and ECB rate decision and news conference, U.S. international trade, Canada's exports, imports and trade balance, U.S. ISM non-manufacturing PMI.

 

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AceTraderFx Jun 4: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
04 Jun 2015 02:26GMT

USD/JPY - ...... Dlr swung wildly on Wednesday as despite ratcheting higher from Asian low at 123.80 to 124.68 in NY morning, intra-day rally in eur/usd pair knocked the greenback down sharply to 124.00. Later, dlr climbed back to 124.43 on active cross-selling in yen vs other major ccys n then higher to 124.57 in Tokyo morning on Thursday.

Today's focus for the greenback is on the release of weekly U.S. jobless claims and unit labour cost in NY morning session.
Market expects the number of Americans filing new claims for unemployment benefits to drop 3k to 279K last week, whilst the unit labor cost in the first quarter to gain 5.9% compare to previous reading of 5.0%.

At present, bids from various accounts are reported at 124.30-20, 124.10/05 then 123.80-70 with stops building up below 123.50.
On the upside, offers are placed at 124.65/70 and more at 124.80-90.

Thursday will see the release of Australia's trade balance and retail sales, Bank of England interest rate decision, U.S. initial jobless claims and Canada's Ivey PMI.

 

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AceTraderFx Jun 5: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
05 Jun 2015 02:01GMT

USD/JPY - ..... Dlr went through a 'roller-coaster' session on Thursday as despite an initial fall from Asian high of 124.57 to 123.79 in European morning, renewed buying above Tuesday's low at 123.75 together with selling in yen cross lifted price and dlr later rallied to 124.68 in NY morning following the release of upbeat jobs data (weekly jobless claims and unit labour cost) and intra-day sell off in eur/usd pair before retreating.

As price has rebounded after meeting renewed buying at 124.23 in NY afternoon, suggesting consolidation with upside bias would be seen ahead of the release of important U.S. non-farm payroll report and unemployment rate in NY morning and buying the usd/jpy pair on dips is recommended in Asia and early European sessions.
Street forecasts are looking for US economy to add 220K jobs in May compared to 223K in April.
If data come in as per expectation, it may help to cement expectations the Fed will start raising interest rates come September and give dlr a boost towards Tuesday's fresh 12-1/2 year peak at 125.07.

Later in NY session, investors should pay attention to the speech from since New York Fed President William Dudley speaks at 16:30GMT in Minneapolis. He will speak on the economy and take questions from the Economic Club of Minneapolis. Dudley's views are seen as closely aligned with those of Fed Chair Yellen.

Friday will see the release of Japan's leading indicator, Germany's factory orders, U.K. consumer inflation expectations, eurozone revised GDP, U.S. non-farm payrolls and unemployment rate, Canada's employment change, labour productivity rate.

 

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AceTraderFx Jun 8: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
08 Jun 2015 02:09GMT

USD/JPY - ..... Despite dlr's rally to a fresh near 13-year peak at 125.86 in NY morning on Fri following the release of robust U.S. non-farm payroll data, price then moved sideways for rest of the NY session as some investors decided to take profit ahead of the G7 meeting on 7-8 Jun in Germany. Dlr came under renewed selling pressure after NZ open on Mon in part due to cross-buying in yen vs other major ccys n retreated from 125.68 to 125.34 in Tokyo morning after data showed that Japanese GDP rose more-than-expected in the previous quarter .

Earlier this morning, Japan's Cabinet Office said that Japan's GDP rose to a seasonally adjusted 1.0%, from 0.6% in the preceding quarter, beating expectation of an increase of 0.7%. Meanwhile, a report from MoF said that Japan's current account rose to a seasonally adjusted 1.27 trln in Apr, from 2.07 trln in the preceding month.

Expects fund follow to dominate the market today due to lack of important U.S. eco. events. Having said that, investors should pay close attention to the release of Eco Watchers Survey for May released by the Japan Cabinet Office at 05:00GMT for a closer look of region-by-region economic trends in Japan.
At present, bids are reported at 125.30-20 and more at 125.05/00 with mixture of bids and stops at 124.80-70, whilst offers are noted at 125.60-70 and then 125.95/00 with stops building up above 126.00.

This week will see the release of Japan's revised GDP, trade balance and current, China's exports, imports and trade balance, Japan's economic watchers, Germany's exprots, imports, trade balance and industrial output, Canada's housing starts and building permits on Monday.

New Zealand's manufacturing sales, U.K. BRC retail sales, China's CPI and PPI, Australia's NAB business confidence, Japan's consumer confidence index, Swiss unemployment rate and CPI, U.K.goods trade balance, eurozone revised GDP, U.K. inflation report hearings, U.S. Redbook, wholesales sales and wholesales inventories on Tuesday.

Japan's machinery orders, Australia's Westpac consumer confidence, U.K. industrial and manufacturing output, NIESR GDP estimate, U.S. Federal budget on Wednesday.

New Zealand's RBNZ interest rate decision and press conference, U.K. RICS housing survey, Japan's business survey index, Australia's employment change and unemployment rate, China's industrial output and retail sales, U.S. retail sales, initial jobless claims, export prices, import prices and business inventories, Canada's new housing price index and capacity utilization on Thursday.

New Zealand's manufacturing PMI and food price index, Japan's capacity utilization and industrial production, Germany's WPI, eurozone industrial production, U.S. PPI index and University of Michigan consumer sentiment index on Friday.

 

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AceTraderFx Jun 9: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
09 Jun 2015 02:46GMT

USD/JPY - 124.47... Dlr tumbled after failure to test last Fri's fresh near 13-year peak at 125.86 and then tumbled to as low as 124.29 in NY on Monday on long-liquidation.
Later, although dlr staged a recovery in NY afternoon and then climbed back to 124.74 in Tokyo morning on Tuesday, renewed selling interest knocked the pair down again to 124.36.

Due to lack of important eco. events from U.S. today, fund flow should dominate the market and selling the recovery on intra-day recovery is recommended. Having said that, U.S. wholesale inventories and wholesale sales for April are to be released at 14:00GMT.

At present, offers are reported at 124.60-70 and more around 124.80 with stops building up above 125.00.
On the downside, bids are tipped at 124.20-10 and then 123.95/90 with demand from Japan importers noted in 123.70-50 region.

Tuesday will see the release of New Zealand's manufacturing sales, U.K. BRC retail sales, China's CPI and PPI, Australia's NAB business confidence, Japan's consumer confidence index, Swiss unemployment rate and CPI, U.K.goods trade balance, eurozone revised GDP, U.K. inflation report hearings, U.S. Redbook, wholesales sales and wholesales inventories.

 

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AceTraderFx Jun 11: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
11 Jun 2015 02:28GMT

USD/JPY - ....... Although dlr tumbled to a fresh 2-week trough at 122.47 on Wednesday after BoJ's governor Kuroda hinted recent yen decline was overdone, price briefly jumped to 123.35 in Europe following comments from Japan EconMin Amari before retreating to 125.54 in NY and then moved sideways for rest of the session.
Later, the pair edged higher ahead of Asian open and climbed back to 123.19 in Tokyo morning on renewed broad-based rebound in the greenback.

Today's main drivers for the greenback are the U.S. retail sales reports and weekly jobless claims at 12:30GMT, these will be the last batch of data ahead of the meeting of the Federal Reserve's Open Market Committee on June 17. U.S. retail sales in May is expected to increase 1.1% and 0.7% excluding autos, reflecting a modest improvement vs. the previous month's flat performance and 0.1% gain respectively.
Meanwhile, forecast on the number of Americans filing new claims for unemployment benefits is increase 1K to 277K.

Until then, dlr is expected to chop around 123.00 level.
At present, bids are reported at 122.80-70 and more around 122.50 with mixture of bids and stops at 122.30-20.
On the upside, offers are tipped at 123.30-40 and then 123.60-70 with stops building above 123.80.

Thursday will see the release of New Zealand's RBNZ interest rate decision and press conference, U.K. RICS housing survey, Japan's business survey index, Australia's employment change and unemployment rate, China's industrial output and retail sales, U.S. retail sales, initial jobless claims, export prices, import prices and business inventories, Canada's new housing price index and capacity utilization.

 

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AceTraderFx Jun 12: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
12 Jun 2015 02:09GMT

USD/JPY - ...... Despite a brief jump to 124.19 in NY morning on Thursday following the release of 'anticipated' upbeat U.S. sales reports, profit-taking quickly emerged and slammed the pair sharply but briefly to a low of 123.26. Dlr later recovered to 123.74 but moved lower to 123.33 near NY close as demand for the greenback was weighed by a slide in U.S. 10-year yields (which ended a slide to 2.38%).

Fund flow should dominate the market ahead of the the release of U.S. PPI data and Uni. of Michigan consumer sentiment in NY morning (12:30GMT and 14:00GMT respectively).
Until then, dlr would remain range bound.
Offers are tipped at 123.70/80 n more above with stops reported above 124.20.
Initial bids are noted at 123.40-25 area with stops below there.

U.S. PPI is forecast to return into the positive territory in May. Market expects the PPI and PPI ex. food n energy to show a monthly gain of 0.4% n 0.1% respectively compare to -0.4% n -0.2% in preceding month.
Meanwhile, the preliminary reading for Reuters/Michigan consumer sentiment index in Junly is expected to rise from 90.7 to 91.5.

Friday will see the release of New Zealand's manufacturing PMI and food price index, Japan's capacity utilization and industrial production, Germany's WPI, eurozone industrial production, U.S. PPI index and University of Michigan consumer sentiment index.