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

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AceTraderFx Jan 14: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
14 Jan 2015 01:57GMT

USD/JPY - ...... The greenback remained under pressure in Asian morning due to the decline in Nikkei-225 index which fell by 138 points to 16950 following Tuesday's strong retreat in U.S. stock markets. U.S. dollar fell to an intra-day low at 117.50 in Tokyo morning before recovering briefly to 117.82.

Offers are now tipped at 117.80 and more at 118.00.
On the downside, mixture of bids and stops is located at 117.50 but buying interest is noted at 117.30-20.

In other news, Bloomberg reported that "the plunge in the price of oil makes it increasingly uncertain whether the Bank of Japan will reach its 2 percent inflation target in the coming fiscal year, according to people familiar with the central bank's discussions.
The BOJ is considering cutting its price forecast for the year that starts in April, according to the people, who asked not to be identified because the talks are private.
The BOJ is also mulling raising its growth outlook for the same period, the people said."

Wednesday will see the release of Japan's Machine Tool Orders, France's CPI, Italy's CI, euro zone industrial production, U.K.'s CB leading economic index, U.S.'s Exports, Imports, Retail Sales, Business Inventories and Fed's Beige Book.

 

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AceTraderFx Jan 15: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
15 Jan 2015 00:53 GMT

USD/JPY ...... The dlr continued its o/n gain in Asia on lower-than-expected Japan's core machinery orders and rebound in the Nikkei.
Reuters reported Japan's core machinery orders rose less than expected in Nov due to declining orders in the manufacturing sector, suggesting companies are still cautious about capital expenditure due to worries about domestic demand.

Compared with a year earlier, core orders, a highly volatile data series regarded as an indicator of capital spending in the coming 6 to 9 months, tumbled 14.6%. The median estimate was for a 5.8% annual decline.

The Cabinet Office lowered its assessment of machinery orders, saying the recovery is showing signs of stalling. If business investment remains weak, more economists could start to question Abe's argument that his policies are leading to a revival of Japan's hollowed-out manufacturing sector.

The 1.3% rise in core orders, which exclude those of ships and electric power utilities, compared with a 5.0% rise forecast by economists in a Reuters poll. It followed a 6.4% decline in Oct.

Reuters reported BoJ Governor Haruhiko Kuroda said on Thur the economy is recovering moderately as a trend with the pain from a sales tax hike in Apr subsiding.

"The BOJ will maintain its quantitative n qualitative easing for as long as needed to achieve and stably maintain 2% inflation," Kuroda said in a speech at a quarterly meeting of the bank's regional branch managers.

The BOJ has kept monetary policy steady since expanding its massive stimulus programme in Oct last year, a move aimed at preventing weak demand n slumping oil prices fm delaying an end to deflation.
"Japan's economy continues to recover moderately as a trend; BOJ's QQE programme exerting its intended effects on economy; BOJ will maintain QQE for as long as necessary to stably achieve 2% inflation; BOJ will adjust policy as needed, looking at upside, downside risks to economy, prices."

Thursday will see the release of Japan's Corp Goods Price and Machinery Orders, U.K.'s RICS Housing Survey, Australia's Employment, Unemployment, Participation Rate, Germany's GDP, euro zone trade balance, U.S.'s initial jobless claims PPI, NY Fed Manufacturing, Philly Fed Business Index.

 

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AceTraderFx Jan 16: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
16 Jan 2015 02:19GMT

USD/JPY - ....... Although the greenback staged a brief bounce in Asian morning after yesterday's cross-inspired sell off to an intra-day low at 115.90 in Australia, renewed selling at 116.57 capped dlr's upside n the pair ratcheted lower after comments from Japan ECOMIN Amari.
Stops below 115.90 are now in focus, however, some bids are located at 115.70-60 with mixture of bids and stops seen at option barrier at 115.50.
On the upside, offers are tipped at 116.40-50 n more at 116.80.

Nikkei-225 index currently tumbled by 466 points to 16643. Market players should pay close attention to the Japanese stock markets as USD/JPY may rebounded on short-covering if Japanese shares recover some losses.

In other news, the People's Bank of China gave a 20 billion yuan ($3.2 billion) re-loan loan quota to banks to support agriculture and 30 billion yuan to boost smaller companies, according to a statement on its website. The move aims at lowering financing costs, it said.

Friday will see the release of Germany's CPI and HICP, France Budget Balance, Switzerland Retail Sales, euro zone inflation reports, U.S. CPI, Industrial Output, Capacity Utilization, manufacturing output, University of Michigan Sentiment, Net Long-Term Flows.

 

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AceTraderFx Jan 19: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
19 Jan 2015 01:56GMT

USD/JPY - ....... Despite initial bounce to 117.66 in Tokyo morning due to the rise in Nikkei-225 index, selling interest below last Friday's NY high at 117.76 capped dlr's upside and renewed risk aversion due to the plunge in China stock markets (down over 7%) prompted investors to buy Japanese yen.
The greenback fell to an intra-day low of 116.96 in Asian morning before recovering.
Offers are now tipped at 117.30-40 and more at 117.50-60.
On the downside, some stops are reported below 116.90, however, bids are located at 116.80-70.

The Bank of Japan will meet over the coming two days, with all 33 economists surveyed by Bloomberg News forecasting no change to monetary policy after it boosted an already unprecedented bond-buying program in October.


Data to be released this week:

U.K. Rightmove House Price Index, Japan's Industrial Output, Capacity Utilization, Consumer Confidence, Switzerland's Producer/Import Price, euro zone's Current Account on Monday. U.S. Holiday for Martin L. King's Birthday.

New Zealand's NZIER Business Confidence, China's GDP, Retail sales, Industrial Output, Germany's Producer Prices, ZEW Current Conditions, ZEW Economic Sentiment, Italy's Trade Balance, euro zone's ZEW Economic Sentiment, U.K. CBI Trends, U.S.'s Redbook, NAHB Housing Market Index on Tuesday.

New Zealand's CPI, Australia's Westpac Consumer Confidence, Japan's BoJ rate decision, Monetary Policy Statement, Leading Economic Index, BoE MPC vote outcome, Average Earnings, ILO unemployment rate, Claimant Count Unemployment Change, Canada's Wholesale Trade, BoC's rate decision, U.S. Housing Starts and Building Permits on Wednesday.

New Zealand's Manufacturing PMI, Australia's HIA New Home Sales, Italy's Industrial Orders, Industrial sales, Retail Sales, U.K.'s PSNB, PSNCR, CBI Trends (Orders), ECB's rate decision, U.S. Monthly Home Price, Markit Manufaturing PMI, euro zone's Consumer Confidence on Thursday.

Japan's Manufacturing PMI, China's HSBC Manufacturing PMI, Markit Manufacturing PMI and Service PMI for France, Germany and euro zone, Italy's Trade Balance, U.K.'s Retail Sales, Canada's Retail sales, CPI, U.S.'s Existing Home Sales and Leading Index Change on Friday.

 

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

Intra-Day Market Moving News and Views
22 Jan 2015 02:05GMT

USD/JPY - ....... Despite yesterday's brief but sharp drop to 117.18 after BOJ's rate decision that it maintained its monetary policy, the greenback rebounded strongly to 118.17 in NY on active short-covering, suggesting the pullback from Tuesday's high at 118.87 has possibly ended there.
Bids are now reported at 117.80-70 n more at 117.50 with stops only seen below yesterday's low at 117.18.
On the upside, offers are tipped at 118.15-20 and 118.40.

In other news, reports showed that margin traders in Japan raised bets the yen would fall against the dollar to a record.
Positions betting against the yen were 522,856 contracts on January 15, the biggest net shorts since Tokyo Financial Exchange Inc. Click 365 began collecting the data in 2006.

Yesterday although the greenback fell sharply in Asia as BoJ announced no new measures for monetary policy easing and dropped to 117.30 ahead of European open, price staged a short-covering rebound to 117.91 in European morning. However, renewed selling emerged there and price tumbled to session low at 117.19 in NY morning before staging a recovery to 117.79.

Thursday will see the release of New Zealand's Manufacturing PMI, Australia's HIA New Home Sales, China's MNI Business Sentiment, Italy's Industrial Orders, Industrial sales, Retail Sales, U.K.'s PSNB, PSNCR, CBI Trends (Orders), ECB's rate decision, U.S. Jobless Claims, Monthly Home Price, Markit Manufacturing PMI, euro zone's Consumer Confidence.

 

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AceTraderFx Jan 23: Intra-Day News and Views ( USD/JPY ) & data to be released today

Intra-Day Market Moving News and Views
23 Jan 2015 01:50GMT

USD/JPY - ...... Reuters reported Japanese manufacturers began the new year on a strong note as domestic and overseas orders picked up, a survey showed on Friday, suggesting the economy is shrugging off a slump in consumer spending last year that triggered a recession.

The Markit/JMMA flash Japan Manufacturing PMI rose to a seasonally adjusted 52.1 in Jan from a final 52.0 in December.
Japan's economy is expected to grow an annualised 3.2% in the 4th quarter of last year and an annualised 2.1% this quarter, rebounding fm a mild recession after a sales tax increase last Apr, according to a Reuters poll.

Economists expect growth in consumer spending, exports and capital expenditure to drive growth this year.
A decline in oil prices could also help lower fuel costs for Japan n give the economy a further boost.
Manufacturers also hired new staff for the 4th month running, the survey showed.

Comment from Japan's FINMIN, quote:
'praise ecb for taking steps to support economy, avoid deflation'
'appropriate for boj to change its forecasts in response to changing economic environment'
'boj never said it would meet inflation target exactly in fiscal 2015'

Friday will see the release of Japan's Manufacturing PMI, China's HSBC Manufacturing PMI, Markit Manufacturing PMI and Service PMI for France, Germany and euro zone, Italy's Trade Balance, U.K.'s Retail Sales, Canada's Retail sales, CPI, U.S.'s Existing Home Sales, Markit manufacturing PMI and Leading Index Change.

 

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AceTraderFx Jan 26: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and View
26 Jan 2015 02:10GMT

USD/JPY - ...... Despite early brief drop to 117.27 due to the decline in Nikkei-225 index after Greek official projections showed Greece's anti-austerity Syriza party wins the Greek election, the greenback rebounded on short-covering together with cross unwinding in jpy (eur/jpy dropped briefly to 130.15 b4 rebounding strongly to 132.10).
However, offers at 117.85-95 are likely to cap dlr's upside somewhat with stops only seen above 118.00.
On the downside, some bids are located at 117.60-50 and more at 117.30-20 with stops seen at 117.00.

Bank of Japan Governor Haruhiko Kuroda said in an interview with Bloomberg Television on Friday that the lender may need to get creative in any further monetary stimulus, reiterating that if inflation expectations are "seriously" affected by disinflation, policy can be changed.

On the data front, Japan's exports rose more than forecast in December, reaching the highest level in six years and paring a record annual trade deficit caused by energy purchases and a surge in imports before April's sales-tax increase.

Japan's annual trade deficit widened for a third straight year, rising to 12.8 trillion yen in 2014 from the previous year's 11.5 trillion yen.
That was the largest in comparable data back to 1979. Japan's trade balance turned negative in 2011 for the first time.

Also, Japanese exports rose 12.9% in December from a year earlier, MoF data showed on Monday, up for a 4th straight month in a sign of a steady recovery in shipments helped by a weak yen n a pick-up in overseas demand.
The reading compared with forecast of an 11.0% increase, following a 4.9% y/y gain in Nov.
It was the fastest growth in a year. Imports rose 1.9%in the year to Dec, versus economists' median estimate of a 2.3% gain. That resulted in a trade deficit of 660.7 billion yen ($5.6 billion), extending a record run of shortfalls to 30 months.

Data to be released this week:

Australia market holiday. Japan's Trade Balance, Exports, Imports, BoJ meeting minutes, Germany's Ifo Business Climate, Ifo Current Conditions, Ifo Expectations, Eurogroup meeting, U.K.'s BBA Mortgage Approvals, euro zone's Retail Sales on Monday.

Australia's NAB Business Conditions, NAB Business Confidence, China's CB leading economic index, France's Business Climate, EU FinMin meeting, U.K.'s GDP, U.S.'s Durable goods orders, Redbook, Markit Service PMI, New Home Sales, Consumer Confidence on Tuesday.

Australia's CPI, RBA Trimmed Mean CPI, Switzerland UBS Consumption indicator, Germany's Gfk Consumer Sentiment, Import Price index, France's Consumer Confidence, FOMC rate decision and monetary policy statement, RBNZ rate decision on Wednesday.

New Zealand's Trade Balance, Exports, Imports, Japan's Retail Sales, Australia's Exports, Imports, France's Consumer Spending, Germany's Unemployment rate, unemployment change, CPI, HICP, Italy's Wage Inflation, euro zone's Business Climate, Consumer Inflation Expectation, Consumer Confidence, Economic Sentiment, Industrial Sentiment, Italy's Consumer Confidence, U.K.'s CBI Distributive Trades, U.S.'s Pending home sales on Thursday.

Japan's Unemployment Rate, All Household Spending, CPI, Industrial output, Construction orders, Housing Starts, Australia's PPI, France's Producer Prices, KOF indicator, Italy's Unemployment Rate, Producer Prices, U.K.'s Gfk Consumer Confidence, Mortgage Approvals, euro zone's Unemployment Rate, Inflation ex Food & Energy, Canada's GDP, U.S. PCE, Chicago PMI, University of Michigan Sentiment on Friday.

 

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

Intra-Day Market Moving News and Views
27 Jan 2015 02:11GMT

USD/JPY - ...... The greenback rose strongly from Monday's low at 117.27 to 118.50 and then 118.66 in Tokyo morning today on renewed risk appetite amid optimism Syriza's victory in elections won? lead to a Greek exit from the euro area.
Bids are now located at 118.25-20 and more at 118.10 with mixture of bids and stops seen at 118.00.
On the upside, offers are tipped at 118.70-80 with sizeable stops building up above 118.90 and 119.00.

Yesterday although the greenback opened lower in NZ and dropped to session low at 117.18 ahead of Asian open, price rebounded to 117.83 at Asian open and continued to trade with a firm bias.
Dlr, then rallied to session high at 118.49 at NY open due partly to broad-based cross-unwinding of the Japanese yen before retreating briefly to 118.13 in NY morning.
However, renewed buying there lifted the pair and price recovered to 118.47.

Tuesday will see the release of Australia's NAB Business Conditions, NAB Business Confidence, China's CB leading economic index, France's Business Climate, EU Finance Ministers meeting, U.K.'s GDP, BBA Mortgage Approvals, U.S.'s Durable goods orders, Redbook, Markit Service PMI, New Home Sales, Consumer Confidence

 

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AceTraderFx Jan 29: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
29 Jan 2015 01:27GMT

USD/JPY - ........ Although the greenback briefly dropped to 117.27 in NZ/AUS due to the decline in Nikkei-225 index futures following the sell off in U.S. stock markets after Fed kept interest rate unchanged as expected, short-covering lifted the pair in Tokyo morning.
Bids are now located at 117.60-50 and more at 117.30 with stops building up below 117.10.
On the upside, offers are tipped at 117.90-00 and more at 118.20-25.

The Fed acknowledged global risks in its statement Wednesday, saying that it will take into account readings on "international developments" as it decides how long to keep key rates near zero.
Policy makers said inflation will probably slow further. U.S. oil supplies climbed to their highest level in data going back more than 30 years, exacerbating concerns over a global supply glut.
The Fed also said it's confronting divergent economic forces as it weighs the timing of the first U.S. rate increase since 2006.
Surprisingly strong job gains argue for tightening sooner, while inflation held down by a plunge in oil prices and a cooling global economy provides grounds for delay.

In other news, Chinese regulators plan to start a new round of checks on the margin lending businesses of brokerages as soon as this week, people familiar with the situation said.

On the data front, Japanese retail sales unexpectedly fell in December, slid 0.3% from November for a third straight monthly decline, the trade ministry said Thursday in Tokyo.
Earlier Japan PM Abe said peace, stability of Middle East important for Japan's energy strategy, while Japan will not give in to terrorism, it will continue to cooperate closely with international community.

Thursday will see the release of New Zealand's Trade Balance, Exports, Imports, Japan's Retail Sales, Australia's CB leading indicator, Exports, Imports, France's Consumer Spending, Germany's Unemployment rate, unemployment change, CPI, HICP, Italy's Wage Inflation, euro zone's Business Climate, Consumer Inflation Expectation, Consumer Confidence, Economic Sentiment, Industrial Sentiment, Italy's Consumer Confidence, U.K.'s Nationwide House Prices, CBI Distributive Trades, U.S.'s Initial Jobless Claims, Pending home sales

 

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AceTraderFx Jan 30: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
30 Jan 2015 01:33GMT

USD/JPY - ..... Reuters reported earlier Japan's core consumer inflation slowed for a 5th straight month in December hit by collapsing oil prices, keeping the central bank under pressure to meet its ambitious 2% inflation target.

But factory output rose 1.0% in December helped by a much-awaited rebound in exports n manufacturers expect to increase production in January, boding well for an economy emerging from recession.
The pick-up in output backs up the BoJ's argument that a solid economic recovery will help accelerate inflation toward its target early next year, although oil price falls will continue to weigh on inflation in the short run.

The gov't raised its assessment on output to say it is "picking up moderately." In the previous month, it said output was flat.
Japan's economy slipped into recession in the 3rd quarter of last year as exports failed to pick up n last Apr's sales tax hike cooled consumer spending.

Analysts expect the economy to have expanded an annualised 3.2% in Oct-Dec as the tax-hike pain subsides, a Reuters poll showed.
In a sign the recovery will be fragile, however, household spending fell 3.4% in the year to December, separate data showed on Friday, more than a median market forecast.

Yesterday despite dlr's brief bounce from 117.88 to 117.16 in NY morning after the release of lower-than-expected U.S. jobless claims, selling interest below European high of 117.18 capped such gain there n price later retreated to 117.83.

The U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 24 decreased by 43K to a seasonally adjusted 265K from the previous week's total of 308K. Market had expected U.S. initial jobless claims to decline by 8K to 300K last week.

Friday will see the release of Japan's Unemployment Rate, All Household Spending, CPI, Industrial output, Construction orders, Housing Starts, Australia's PPI, France's Producer Prices, KOF indicator, Italy's Unemployment Rate, Producer Prices, U.K.'s Gfk Consumer Confidence, Mortgage Approvals, euro zone's Unemployment Rate, Inflation ex Food & Energy, Canada's GDP, U.S. PCE, Chicago PMI, University of Michigan Sentiment.