acetraderfx
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AceTraderFx Aug 14: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
14 Aug 2015 01:27GMT
USD/JPY - ...... Dlr pared Wednesday's sharp sell-off from a 2-month peak of 125.28 yesterday and climbed from intra-day low of 124.07 made in Asian morning to 124.59 due to rebound in global stocks. Price touched session high of 124.63 after in-line U.S. retail sales data.
However, intra-day broad-based dlr's retreat pressured price to 124.25 but renewed selling in yen cross especially vs EUR & GBP lifted the pair to 124.49 in NY afternoon.
Intra-day sideways move signals further range trading is set to continue, however, yen's o/n weakness suggests consolidation with mild upside bias is in store.
Bids are noted at 124.30-25 and more below with stops below 124.00, more stops are building below this week's trough at 123.79.
On the upside, offers are tipped at 124.60/65 and more above with some stops reported above 125.00, however, more selling interest is touted at 125.20/30.
Data to be released on Friday:
New Zealand retail sales, France GDP, Germany GDP, Italy GDP, EU GDP and inflation reports, Canada manufacturing sales, U.S. capacity utilisation and industrial output. Eurogroup will meet in Brussels at 13:00GMT on Friday to discuss Greece's third bailout package.
Intra-day Market Moving News and Views
14 Aug 2015 01:27GMT
USD/JPY - ...... Dlr pared Wednesday's sharp sell-off from a 2-month peak of 125.28 yesterday and climbed from intra-day low of 124.07 made in Asian morning to 124.59 due to rebound in global stocks. Price touched session high of 124.63 after in-line U.S. retail sales data.
However, intra-day broad-based dlr's retreat pressured price to 124.25 but renewed selling in yen cross especially vs EUR & GBP lifted the pair to 124.49 in NY afternoon.
Intra-day sideways move signals further range trading is set to continue, however, yen's o/n weakness suggests consolidation with mild upside bias is in store.
Bids are noted at 124.30-25 and more below with stops below 124.00, more stops are building below this week's trough at 123.79.
On the upside, offers are tipped at 124.60/65 and more above with some stops reported above 125.00, however, more selling interest is touted at 125.20/30.
Data to be released on Friday:
New Zealand retail sales, France GDP, Germany GDP, Italy GDP, EU GDP and inflation reports, Canada manufacturing sales, U.S. capacity utilisation and industrial output. Eurogroup will meet in Brussels at 13:00GMT on Friday to discuss Greece's third bailout package.