Intra-day Market Moving News and Views
24 Dec 2015 01:03GMT
USD/JPY - ...... Although Japanese financial markets returned from yesterday's holiday, trading today is likely to be lacklustre as many traders have already taken X'mas vacation but intra-day swings may still continue as Tokyo market is open on X'mas day.
Price has eased at Asian open due to renewed dlr's retreat vs its major peer currencies.
However, as yesterday's rebound from New York low at 120.82 suggests sideways move above Tuesday's bottom at 120.72 would continue and with Nikkie is trading high after o/n gain in U.S. stocks, consolidation with upside bias remains.
Bids are reported at 120.80-70 with stops below there, however, more buying interest is touted below there with stops building below last week's 120.35 low.
On the upside, initial offers are tipped at 121.10/20 with stops above 121.30, however, more selling interest is reported at 121.50/60, suggesting broad sideways move are expected to continue.
Pay attention to BoJ Kuroda speech scheduled at 04:00GMT and then U.S. weekly jobless claims later today at 13:30GMT.
Data to be released on Thursday:
Australia leading indicator, Swiss leading indicator, U.K. mortgage approvals and U.S. initial jobless claims
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