acetraderfx
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AceTraderFx Oct 8: Intra-Day News and Views(USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
08 Oct 2014 02:20GMT
USD/JPY - ..... Dlr pares Tue's losses in Tokyo trading and staged a strong bounce from intra-day bottom at 107.76 to 108.44.
Although st specs sold the pair at 108.19 in Australia on stop hunting, price briefly fell below o/n NY low at 107.82 to 107.76. However, buyers quickly emerged and lifted the dlr.
The pair continued to climb just ahead of Tokyo open by Japanese names on 'bargain hunting' as sub-108.00 looked cheap to Japanese importers, price later climbed to 108.44 before easing.
Last night the Federal Reserve is prepared to adjust its approach to raising U.S. interest rates, when the time comes, depending on the reaction of financial markets, New York Fed President William Dudley said on Tuesday.
"The trickiest part will be, some things are just not knowable right now, and one thing is exactly how the financial markets will react to the process of monetary policy normalization," he said at a college here.
The central bank will "adjust the pace with which we'll do it, the way in which we do it, depending on how circumstances evolve," Dudley added.
Wednesday will see the release of UK BRC shop price index, Japan current account, China HSBC services PMI, Swiss unemployment, Canada housing starts and U.S. FOMC minutes.
Intra-Day Market Moving News and Views
08 Oct 2014 02:20GMT
USD/JPY - ..... Dlr pares Tue's losses in Tokyo trading and staged a strong bounce from intra-day bottom at 107.76 to 108.44.
Although st specs sold the pair at 108.19 in Australia on stop hunting, price briefly fell below o/n NY low at 107.82 to 107.76. However, buyers quickly emerged and lifted the dlr.
The pair continued to climb just ahead of Tokyo open by Japanese names on 'bargain hunting' as sub-108.00 looked cheap to Japanese importers, price later climbed to 108.44 before easing.
Last night the Federal Reserve is prepared to adjust its approach to raising U.S. interest rates, when the time comes, depending on the reaction of financial markets, New York Fed President William Dudley said on Tuesday.
"The trickiest part will be, some things are just not knowable right now, and one thing is exactly how the financial markets will react to the process of monetary policy normalization," he said at a college here.
The central bank will "adjust the pace with which we'll do it, the way in which we do it, depending on how circumstances evolve," Dudley added.
Wednesday will see the release of UK BRC shop price index, Japan current account, China HSBC services PMI, Swiss unemployment, Canada housing starts and U.S. FOMC minutes.