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

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AceTraderFx Mar 4: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views (USD/JPY)
04 Mar 2016 02:10GMT

USD/JPY - ..... Dollar met renewed selling at 113.76 in Australia and briefly fell to intra-day low of 113.25 after BoJ Kuroda's interest rate remarks.

In the parliament speech, Bank of Japan Governor Haruhiko Kuroda remarks on not going to pushing interest rates further into negative territory now. The BOJ stunned markets by adopting a negative interest rate policy in January to reflate the economy out of stagnation and achieve its ambitious 2 percent inflation target.

Japanese Economy Minister Nobuteru Ishihara said an advisory panel on new spending would hold its first meeting in the middle of this month and would discuss the world economy, energy and the financial sector, and that the advisory panel was not for preparation of a delay in a planned sales-tax hike.

More updates news on their speeches to come later.

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AceTraderFx Mar 16: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views (USD/JPY)
16 Mar 2016 02:06GMT

USD/JPY - ...... Dlr pared yesterday's sharp losses and jumped in Asian morning on BoJ Kuroda's dovish remarks. Speaking in parliament, Bank of Japan Governor Haruhiko Kuroda said that it was theoretically possible for the central bank to cut interest rates to around minus 0.5 percent. But he could not say at this moment which policy tools the BOJ would use in case it decided to expand monetary stimulus again, saying that it would depend on economic conditions at the time.

The BOJ added a negative interest rate policy to its massive asset-buying programme in January and began charging a 0.1 percent interest on a portion of excess reserves financial institutions park with the central bank.

Japan's PM Shinzo Abe is meeting with foreign economists to help him prepare for hosting a Group of Seven summit that will be hosted by Japan in May, and U.S. Nobel laureate and economist Joseph Stiglitz said that he had Shinzo Abe to delay a sales tax increase scheduled for next year and focus more on fiscal spending to boost a recovery from recession.
Stiglitz told Abe that G7 need to coordinate policy as weak aggregate demand was harming the global economy and contributing to income disparity.

The G7 talks, according to some economists, could give Abe a convenient reason to postpone tax hikes, relax fiscal austerity and and introduce more stimulus to avoid relying too much on monetary policy.
"A consumption tax increase now would be going in the wrong direction," said Stiglitz, a professor at Columbia University. "This is a time to have stimulating fiscal policy."

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AceTraderFx Mar 29: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views
29 Mar 2016 01:16GMT

USD/JPY - ..... Dlr moves sideways in quiet Asian trading after clocking up 7 days of consecutive gains on Monday. Despite climbing to a fresh 1-week high of 113.69 in holiday-thinned Asian morning yesterday, price briefly dropped to 113.15 in New York morning on soft U.S. PCE data as the lower-than-expected reading quickly led U.S. economists cut their forecast on U.S. Q1 GDP growth.

Looks like range trading below said yesterday's temporary top would continue in Asian morning, however, as dlr is still in trending mode, buying the pair on dips is still the favoured strategy.
Bids are noted at 113.25-15 and more below with stops touted below 112.90, offers are tipped at 113.65/75 and more above with stop reported Book value-bv 114.00.

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AceTraderFx Mar 30: Intra-Day Market Moving News & Views & data to be released today (USD/JPY)

Intra-Day Market Moving News and Views
30 Mar 2016 01:14GMT

USD/JPY - ....... Although the greenback stabilized near New York close after early intra-day selloff from a high of 113.80 (Europe) to as low as 112.61 on dovish remarks from Fed's chair Yellen, price weakened again in Tokyo morning on Wednesday and fell to 112.40.

Intra-day weakness in Asia suggests consolidation with downside bias would be seen but sharp decline is not likely ahead of the release of ADP employment data at 12:15GMT.
In addition, investors should pay close attention to the speech from Chicago Federal Reserve President Charles Evans who recently said he expects two rate hikes this year, given his forecast for 2 percent to 2.5 percent economic growth and for unemployment to fall further to 4.75 percent by the end of the year.

At present, offers are reported at 112.70-80 and mores at 112.90-00 with mixtures of offers and stops in the region of 113.00-113.20.
On the downside, bids from various accounts are noted at 112.30-20 and then 112.10-00 with stops below there.

Data to be released on Wednesday:

New Zealand building permits, Japan industrial production, Swiss UBS consumption indicator, KOF indicator, France consumer spending, Eurozone business climate, economic sentiment, services sentiment, industrial sentiment, consumer confidence, consumer inflation expectation, selling price expectation, Germany CPI, Harmonised index of consumer prices, U.S. MBA mortgage application and ADP employment change.

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