AceTraderForex Nov 13 : Intra-day Market Moving News and Views

[B]Intra-day Market Moving News and Views [/B]
[B]13 Nov 2013[/B] [I]08:04GMT [/I]

[B]USD/JPY - 99.56[/B]… Dlr nudges higher ahead of European open after intra-day retreat to 99.43 due partly to weakness in Nikkei, however, downbeat comments by BoJ board member Miyao lifted the pair.

Current firmness in early European trading due partly to marginal gain in the Nikkei futures (currently up by 15 points) suggests near term upside bias remains.
If the N225 futures index continues to make further gain, then re-test of y’day’s 8-week high at 99.80, once offers at 99.70/80 are absorbed, dlr is en route twd the psychological mark at 100.00, however, as stated in previous updates, option defence is touted below 100.00. Bids are noted at 99.45-30 area with stops below there, so buying on dips is still favoured.