AceTraderForex Apr 29: Intra-Day Market Moving News and Views EUR/USD USD/JPY

[B]Intra-Day Market Moving News and Views EUR/USD USD/JPY [/B]

[B]29 Apr 2014[/B] [I] 01:47GMT[/I]

[B]EUR/USD - 1.3860 ..[/B]. The single currency rebounded strongly from 1.3815 to 1.3880 in Europe yesterday on speculation that Germany's inflation may outpace the economists' expectation of no change. However, dollar's broad-based strength on the release of upbeat U.S. pending home sales knocked price lower to 1.3840 in NY before recovering to 1.3864/65 in Asian morning. Offers are now tipped at 1.3875 n more at 1.3900/10. On the downside, bids are located at 1.3825, 1.3820-10 n 1.3800. 

Germany will release its March’s CPI at 12:00GMT. Investors are also focusing on the release of eurozone economic and consumer confidence in April at 09:00GMT.

[B]29 Apr 2014[/B] [I]01:13GMT[/I]
[B]USD/JPY - 102.50…[/B] Source from Yonhap news agency - North Korea sets areas near disputed sea border with S. Korea for firing drills.
Dlr has shown muted reaction to the news n Japanese markets are closed for Showa Day holiday, therefore, movement in dlr yen is likely to be narrow until European open. Today’s holiday is the first national holiday making up the so-called ‘Golden Week’. The other holidays fall on May 3-5.