AceTraderFx: Intra-Day Market Moving News & Views & data to be released today

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AceTraderFx Jun 20: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
20 Jun 201601:39GMT

USD/JPY - ...... Dlr rebounded from 104.30 (Reuters) at New Zealand open and then climbed above Friday's high of 108.83 to 108.85 in Tokyo morning due to broad-based weakness in yen on reduced safe-haven demand as investors squarely focused on this week's Brexit vote n upbeat poll data for the "Remain" campaign.

Earlier, official data from Japan showed the country's trade balance fell to a seasonally adjusted 0.27 trillion yen in May, from 0.43 trillion yen in the preceding month. Separately, data showed that Japan's exports fell at the fastest pace in 4 months in May on supply chain disruptions from the ***amoto earthquake and slow growth in emerging markets.

At the moment, offers are noted at 104.90-00 n more at 105.10-20 with stops above there, whilst bids are reported at 104.60-50 and then 104.40-30 with stops below 104.20.

Ministry of Finance data showed today that Japan's exports fell 11.3 percent in May from a year earlier, as a strong yen and lacklustre growth in emerging markets curb demand for Japanese goods.
The fall was more than a 10.4 percent decrease expected by economists in a Reuters poll. It followed a 10.1 percent year-on-year decline in April.
While Imports fell 13.8 percent, matching the median estimate.
The trade balance came to a deficit of 40.7 billion yen ($389.10 million), versus the median estimate for a 40.0 billion yen surplus.

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AceTraderFx Jun 20: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
20 Jun 2016 08:09GMT

USD/JPY - ....... Bank of Japan Governor Haruhiko Kuroda said on Monday that it is difficult to present in advance specific policy options central banks have for contingencies given global economic uncertainties.
He said responding to deflationary pressures and firmly stabilising inflation expectations at desired levels has become an "unprecedentedly difficult challenge" not just for the BOJ but many other central banks.

Reuter then reported Japan's flexible exchange rate system serves the economy well and the government should rely on domestic policies, such as fiscal and monetary policy, to improve the output gap, an International Monetary Fund official said on Monday.

David Lipton, first deputy managing director of the IMF, also said that he understood the Japanese government's decision to delay a sales tax increase originally scheduled for next year but that the government would eventually have to raise taxes.

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AceTraderFx Jun 21: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
21 Jun 201601:09GMT

USD/JPY - ...... Dlr was under pressure in New York session due to broad-based rebound in yen vs other major currencies and briefly fell to 103.78 at Asian open following the release of latest BoJ minutes (see our previous MMN) before staging a recovery.

Although near term dlr's weakness suggests consolidation with downside bias would be seen in Asia and Europe, sharp fall below last Thursday's 22-month trough at 103.50 is not likely as investors are reluctant to enter large position ahead of the speech from Fed's chair Janet Yellen at 14:00GMT and 20:30GMT.

At the moment, offers are reported at 104.00-10 and more at 104.20-30 with stops above there, whilst bids are noted at 103.50-40 with mixture of bids and stops in the region of 103.20-103.00.

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AceTraderFx Jun 21: Intra-Day Market Moving News and Views GBP/USD

Intra-Day Market Moving News and Views
21 Jun 2016 03:08GMT

GBP/USD - ...... Although the British pound had risen again after a strong pullback from New York morning high of 1.4708 to 1.4583 and briefly climbed to a fresh session high of 1.4721 in o/n New York, some investors decided to take profit ahead of the 23rd referendum n price later retreated to 1.4635.

Today will see the release of UK's PSNB at 08:30GMT. Market expects the UK's PSNB to be 9.500 billion pounds in May compares to 6.582 billion in preceding month.

At present, offers are noted at 1.4680-90 and then 1.4700-10 with stops above 1.4721.
On the downside, bids are reported at 1.4620-10 and more at 1.4600-1.4590 with stops below 1.4580.

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AceTraderFx Jun 22: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
22 Jun 201602:09GMT

USD/JPY - ...... Although dlr ratcheted higher to 105.05 in New York following comments by Federal Reserve Chair Janet Yellen, price retreated to 104.62 ahead of Asian opening on Wednesday and then lower to 104.43 in Tokyo morning due to broad-based buying in yen on risk aversion.

Today's focus for the greenback will be on another speech from Fed's Chair Yellen at 14:00GMT, other than that, investors should also pay attention to the release of U.S.'s Monthly Home Price and Existing Homes Sales in New York morning.

At present, offers are reported at 104.70-80 and then 104.90-00 with stops above there.
On the downside, bids are noted at 104.30-20 and more at 104.10-00 with stops below 103.90.

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AceTraderFx Jun 23: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
23 Jun 201602:00GMT

USD/JPY - ...... Although increase of risk appetite following news of leading in 'Remain' camp in EU referendum triggered broad-based selling in yen and price rose briefly surged to 104.99 ahead of Asian open, selling interest below Tuesday's high of 105.05 knocked price down to 104.55.
Later, price rebounded to 104.87 and then retreated again following comments from BoJ board member Kiuchi (see our previous MMN).

Today, investors should pay attention to the release of a slew of U.S. economic data in New York morning, these include initial jobless claims (12:30GMT), Leading Index Change and New Home Sales (14:00GMT).

At the moment, bids are noted at 104.50-40 and then 104.20-10 with stops below 104.00, whilst on the upside, offers are reported at 104.95-105.05 and more at 105.20-30 with stops above there.

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AceTraderFx Jun 24: Intra-Day Market Moving News and Views GBP/USD

Intra-Day Market Moving News and Views
24 Jun 2016 02:03GMT

GBP/USD - ..... News about Brexit vote from Reuters: -implied probability of Leave vote in EU referendum at 44 pct
Earlier results:
-implied probability of leave vote 63 percent
-Remain on 47.3 pct, leave on 52.7 pct after 41 of 382 counting areas plus partial BBC Northern Irish figures
-Remain wins 168,335 votes in Glasgow, Leave wins 84,474 votes in EU referendum result
-Remain wins 118,463 votes in Wandsworth, Leave wins 39,421 votes in EU referendum result
-North Lanarkshire votes 95,549 to remain, 59,400 to leave
-Remain wins 58,942 votes in Wigan, Leave wins 104,331 votes in eu referendum result
-Remain wins 118,453 votes in Liverpool, Leave wins 85,101 votes in EU referendum result
-Remain wins 76,420 votes in Islington, Leave wins 25,180 votes in EU referendum result
-turnout stands at 72.1 pct after 200 counting areas out of 382 report turnout
-Remain on 48.5 pct, Leave on 51.5 pct, after 15 counting areas out of 382 declare
-Hartlepool unconfirmed result leave have taken more than 69 pct
-Remain has between 55 pct and 60 pct in Birmingham
-couple of London boroughs voted over 80 pct in favour of Remain
-Remain wins 30,748 votes in Basildon, Leave wins 67,251 votes in EU referendum result
-Remain on 50.3 pct, Leave on 49.7 pct after 19 of 382 counting areas plus further BBC Northern Irish figures
-Ex Scottish first minister Alex Salmond says Scotland looks like more than 60 pct for Remain
-city of London votes Remain
-Remain wins 3312 votes in city of London, Leave wins 1087 votes in EU referendum result
-Middlesborough 65.5 pct leave
-Flintshire votes leave
-Remain on 47.4 pct, leave on 52.6 pct after 26 of 382 counting areas plus partial BBC Northern Irish figures
please refer more earlier results from our home page (Intra-Day Market Moving News and Views).

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This morning Japan held emergency meeting on the aftermath due to Brexit

AceTraderFx Jun 27: Intra-Day Market Moving News and Views USD/JPY
27 Jun 201601:40GMT

USD/JPY - ......This morning an emergency meeting was called four days after Britain's historic vote to leave the European Union. Bank of Japan Deputy Governor Hiroshi Nakaso said that they will ensure liquidity in the yen and in foreign currencies if needed by tapping currency swap lines established among six central banks.
He saw no problems currently in market liquidity or in foreign currency funding among Japanese firms, but would continue to monitor the situation, he told reporters after an emergency meeting with Prime Minister Shinzo Abe and Finance Minister Taro Aso.

BoJ deputy gov Nakaso they have no comment on whether to hold extra policy meeting and don't see problem now in market liquidity, foreign currency funding by Japan firms.
While they will continue to monitor market situation, and will assure liquidity in foreign currencies by making use of currency swap arrangements among six central banks.

After the emergency meeting, Japan PM Abe told reporters that he had instructed Aso to take necessary steps in forex market, to focus even more closely especially attention to markets including forex. It is important for G7 to continue to send messages to stabilise markets. There are uncertainty, risks remain in financial markets and they expect BoJ to take steps to sustain market liquidity, financial intermediation

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AceTraderFx Jun 28: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
28 Jun 201601:40GMT

USD/JPY - ...... Despite ratcheting higher from Monday's low of 101.41 at New York open to 102.13 near New York close, dlr mat renewed selling in Australian morning and then fell to intra-day low of 101.56 as initial weakness in the Nikkei following Monday's selloff in European n U.S. equities triggered another round of yen-buying on risk aversion.
However, price briefly bounced back to 101.93 as the Nikkie erased half of its initial loss, suggesting choppy sideways swings are in store.

Unless we see global stick market rout today, the pair is expected to gyrate inside 102.47-101.41 range for now.
Offers are tipped at 101.90/102.10 and more above with stops touted above 102.50, initial bids are noted at 101.60-50 with stops below 101.40, however, more buying interest is reported above the 100 level.

Although market remains on the edge in the aftermath of 'Brexit' shock, if normality does resume later in the day, investors will pay attention to release of a slew of U.S. economic data with the reading of Q1 GDP at 12:30GMT, then Caseshiller home price followed later by consumer confidence.

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AceTraderFx Jun 29: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
29 Jun 201601:10GMT

USD/JPY - .....Today, Japanese Prime Minister Shinzo Abe at the start of a meeting between the government and the Bank of Japan to discuss market developments in the wake of the Brexit vote had urged the central bank to provide ample funds to the market to ensure liquidity and the market's intermediary functioning.
Abe also wanted Finance Minister Taro Aso to pay utmost attention to currency and financial market moves. The government was ready to take all available policy steps to support Japan's economy and small firms in the wake of Britain's shock vote to leave the European Union.

Abe commented that it is important for G7 to continue to deliver messages on market stability, with uncertainty, risks remain in financial markets but Japan is ready to mobilise all available policy measures to support Japan economy.

While today data showed Japan's retail sales fell more than expected in May in a third straight month of annual declines, keeping policymakers under pressure for more stimulus to support a fragile economic recovery.
Retail sales also fell 1.9 percent in May from a year earlier, more than a median market forecast for a 1.6 percent declines, data from the Ministry of Economy, Trade and Industry showed.
The weak reading underscores the relative fragility in Japan's economy, with slow wage growth and gloomy prospects of recovery weighing on household spending.

The market turmoil in the wake of Britain's vote to leave the European Union adds to headaches for Japanese policymakers worried about the drag the yen's recent rises could have on exports.

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