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

[B]Intra-Day MarMoving News and Views
02 May 2017 [/B][I] 03:00GMT[/I]

EUR/USD - 1.0911.. The single currency moves narrowly in subdued Asian trading on Tuesday as many traders are on the sideline after returning from yesterday's holiday following the mini roller-coaster moves in holiday-thinned Monday's session.  

Today is PMI (mfg) day in the euro zone countries n traders may take cue from the data of whether to test euro’s upside or downside later in the day.
Offers are tipped at 1.0920/30 and more above with stops reported above 1.0955, bids are noted at 1.0885-80 with some stops below there, however, more buying interest is touted at 1.0860-50 with fairly large stops below 1.0850.

Italy will kick off by releasing April mfg PMI, then France, Germany, Italy’s unemployment rate, EU PMI and then unemployment. ECB board member Nouy will be speaking at 06:30GMT.

[B]Intra-Day Moving News and Views
05 May 2017[/B] [I]03:00GMT[/I]

USD/JPY - 112.60.. Dlr pares yesterday's losses in New York session after falling from a 7-week high of 113.05 to 112.33 in New York session. Although initial retreat was due to profit taking, release of weaker-than-expected U.S. factory goods orders which led to broad-based usd weakness accelerated intra-day decline. 

Dlr’s intra-day rebound in holiday-thinned Asian trading (Japanese financial markets for closed for a 3 consecutive days for Golden Week holiday) suggests sideways swings above 112.33 would be seen.
However, offers are tipped at 112.70/75 and more above should cap upside. Initial bids are noted at 112.40-30 with stops below 112.25, more buying interest is reported above 112.00.

Despite forming a temp. top at 113.05, dlr may well make further gain if U.S. jobs report comes out stronger than street forecast. NFP is expected to show a an increase of 185K whilst monthly ave. earnings are expected to rise by 0.3%, if both numbers beat expectations, dlr may head towards 113.40/50 but if they disappoint, then brace for stronger downward correction in the dlr.

[B]Intra-Day Moving News and Views
08 May 2017[/B] [I]03:17GMT[/I]

USD/JPY - 112.75.. Despite initial rise to a fresh 7-week high of 113.10 due to rally in eur/yen which hit a 1-year high of 124.56 at NZ open, intra-day retreat in the euro resulted in a sharp retreat in the eur/yen (the cross pair tumbled to 123.40), dragging dlr to 112.60 along the way, suggesting recent cross-inspired upmove has made a temp. top and sideways trading is in store. 

Having said that, intra-day rally in the Nikkei (N225 index currently up 1.8% or 350 points at 19,795) should boost risk appetite and renewed yen selling may well emerge in European morning, so buying on dips is still favoured.
Bids are noted at 112.60-50 with stops below there, more buying interest is noted at 112.20-10 with stops below 112.00.
Offers are tipped at 112.90/00 with stops above 113.10.

U.S. eco. calendar is empty today but 2 Fed officials will speak later in the day starting with St. Louis Fed President Bullard (non-voter) at 12:35GMT and then Cleveland Fed President Mester (also non-voter) at 12:45GMT.

[B]Intra-Day Moving News and Views
10 May 2017 [/B] [I]03:06GMT[/I]

USD/JPY - 113.82.. Dlr pares yesterday's impressive gain after rallying in European and New York sessions to an 8-week peak of 114.32 on broad-based yen selling due to improved risk sentiment, however, news of N. Korea would continue its nuclear test programmes (see 00:42GMT update) n the abrupt sacking of FBI chief by President Trump triggered broad-based unwinding of recent short yen positions, knocking the pair back down to 113.76 in New York afternoon, then 113.63 ahead of Tokyo open after tripping some stops below 113.70. 

Looks like dlr will take a breather after recent strong ascent n broad sideways swings are in store, however, market sentiment remains to buy the greenback on dips.
Bids are noted at 113.65-55 with stops below 113.50, more stops are reported below 113.00.
Offers are tipped at 114.20/30 with stops above 114.50.

U.S. will release a slew of eco. data starting with MBA mortgage applications, import n export prices. At 16:00GMT, Boston Fed Rosengren (non-voter) will be speaking, then followed by Minneapolis Fed Kashkari (voter) at 17:20GMT.

[B]Intra-Day Moving News and Views
12 May 2017[/B] [I]02:02GMT[/I]

USD/JPY - 113.78.. Dlr is nursing loss in subdued Asia trading after yesterday's intra-day decline from 114.37 (AUS) to as low 113.32 in New York morning on active unwinding of recent short yen position. Although price staged a modest bounce to 123.92 in New York afternoon, consolidation with downside bias is in store as more long dlr positions may be unwound in Europe due to retreat in U.S. Treasury yields and the Nikkie (the N225 is in the red, down about 73 points at 15,888). 

Offers are tipped at 114.00/10 and more above with stops above 114.50.
Initial bids are noted at 113.70-60 with stops below 113.30, more buying interest is reported at 113.10-00 area.

BoJ board member Harada will speak at 04:15GMT. Pay attention to U.S. retail sales and CPI data at 12:30GMT which are expected to show rather upbeat reading, if actual come in better than forecast, then usd wud meet renewed buying and head higher.
Later, Chicago Fed President Evans (voter) will deliver a speech at the 56th ACI Financial Markets Association World Conference on Helsinki at 13:00GMT, then Philadelphia Fed President Harker (voter) will speak at 16:30GMT in Philadelphia.

[B]Intra-Day Moving News and Views
15 May 2017[/B] [I]02:19GMT[/I]

USD/JPY - 113.34.. Dlr pares initial weakness at Monday's open and staged a modest bounce to 113.46 in Asian morning. Although price fell as expected in New Zealand following Sunday's missile test by North Korea to 113.13, lack of follow-through selling quickly lifted the pair and dlr edged high at Tokyo open and climbed to 113.46 before easing. 

Looks like range trading is in store, however, Friday’s intra-day selloff to 113.20 in New York morning following soft U.S. data together with falling US Treasury yields and soft Nikkie (N225 is currently in the red, down 33 points) suggests downside bias remains for weakness to 113.00/05.
Offers are tipped at 113.45/55 and more above with stops above 113.70, more stops are reported above 114.05.
Bids are noted at 113.15-05 with stops below 113.00.

Later in the day, U.S. will release New York Fed mfg. index n then NAHB housing index.

[B]Intra-Day Moving News and Views
17 May 2017[/B] [I]02:23GMT[/I]

USD/JPY - 112.60.. Dlr languished near a 1-week low of 112.50 in Asia. The pair met renewed selling after New York close and price easily penetrated yesterday' low at 112.94 (New York) in thin Australian trading and tumbled to 112.50 after tripping stops below 112.90. 

The lack of an intra-day bounce suggests intra-day downside bias remains as continued political turmoil at the White House (see 00:30GMT update) and falling U.S. Treasury yields (currently at 2.302% vs Tuesday’s close at 2.327%) are expected to undermine the greenback and spur more yen-buying on risk aversion.
Offers have been lowered to 112.90/94 and more at 113.10/20 with stops above 113.35.
Some bids are noted at 112.40 with stops below 112.00.

Although dlr fell in New York morning on Tuesday after soft U.S. housing data, the only data due out from the U.S. later in the day is MBA mortgage applications, so funds flow and technical trading will have direct influence on short-term price moves. So selling dlr on recovery is the way to go.

[B]Intra-Day Moving News and Views
18 May 2017[/B] [I]03:06GMT[/I]

USD/JPY - 111.07.. Dlr finally found respite in hectic Asian trading after yesterday's spectacular 2% selloff from 113.14 (AUS) to 110.80 at New York close as market (investors) reacted negatively to continued turmoil at the White House, selloff in U.S. stocks (Dow fell 1.8%) n falling U.S. Treasury yields (benchmark 10-year yields tumbled from 2.306% to 2.212% on Wednesday) triggered broad-based yen buying on risk aversion. 

The pair continued its recent losing streak n fell again in thin Australian trading, price easily penetrated 110.80 low to a 3-week trough of 110.53 before staging a strong bounce due to bargain hunting by Japanese importers, dlr recovered to 111.23.

Looks like we have seen a temp. trough for the greenback in Asia and consolidation is in store.
However, European traders may give the buck another bashing if price trades above 111.00, so selling on recovery is still favoured.
Offers are tipped at 111.20/30 n more at 111.50 with some stops above there.
Bids are noted at 110.60-50 with stops below there.

Later in the day, U.S. will release weekly jobless claims, Philly Fed mfg survey. Cleveland Fed President Mester (non-voter) will speak at 17:15GMT.

[B]Intra-Day Moving News and Views
22 May 2017[/B] [I] 02:48GMT[/I]

USD/JPY - ... Although dlr fell at New Zealand on Monday from 111.30 to 110.88 as renewed U.S. political turmoil (see Saturday 03:47GMT update) and Sunday's missile test by North Korea led to broad-based yen-buying on risk aversion, good buying interest quickly emerged and lifted price sharply higher to 111.61 in Tokyo morning, suggesting another day of intra-day wild swings would continue. 

Bids are noted at 111.00-110.90 with stops below 110.70, more stops are reported below 110.50.
Offers are tipped at 111.60/70 with stops above 1111.80, more stops are touted above 112.00.

U.S. calendar is pretty thin with national activity index being the only data due out at 14:00GMT. Philly Fed President Harker (voter) n Minneapolis Fed President Kashkari (voter) will be speaking at 14:00GMT and 14:30GMT respectively.

[B]Intra-Day Market Moving News and Views
25 May 2017[/B] [I]03:04GMT[/I]

USD/JPY - ..... Price has moved relatively sideways after decline from 112.13 (NEW YORK morning high) to 111.48 after release of cautious (mildly dovish) Fed minutes which had led to broad-based usd's decline in late NEW YORK trade.  

Intra-day usd’s firmness in Asia suggests consolidation with downside bias remains due to falling U.S. Treasury yields (benchmark 10-year yield is currently at 2.253% vs Wed’s close of of 2.266%), so selling the greenback on recovery is favoured but steep decline may not be seen ahead of release of key U.S. GDP data tomorrow.

Offers are tipped at 111.70/80 n more above with stops reported above 112.15/20.
Minor bids are noted at 111.50-40 with stops below 111.30.

U.S. will release initial weekly jobless claims, trade balance, wholesale inventories n Kansas City mfg. activity index. At 14:00GMT, U.S. Federal Reserve Board Governor Lael Brainard (voter) will participate in panel discussion on global economy.

[B]Intra-Day Market Moving News and Views
26 May 2017[/B] [I]03:43GMT[/I]

USD/JPY - 111.58.. Although the pair moved narrowly in early lackluster Asian trading after a subdued New York session on Thursday, comments by 2 non-voting Fed officials (Williams and Bullard) led to yen-buying but usd's strength vs other major currencies, the yen was actively bought vs sterling, euro, aud and the usd, price fell from 111.88 (AUS) to 111.55 after tripping some stops below 111.60. 

Traders are unsure of USD’s strength vs other G5 currencies, perhaps intra-day selloff in sterling triggered USD buying. Offers are tipped at 111.70/80 and more at 111.90/95 with stops above 112.15.
Some bids are reported at 111.60-50 with stops below 111.40.

Although today is the last trading day of the week and U.S. markets will be closed for Memorial Day holiday next Monday, traders are awaited release of a slews of key U.S. data starting with prelim. Q1 GDP, core Q1 PCE, durable goods orders University of Michigan consumer confidence, so dlr is expected to move on these eco. data later in the day, good luck.

AceTraderFx Jun 02: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
02 Jun 2017 02:25GMT

USD/JPY - 111.64… Dlr stands tall in Asian trading, price jumped above yesterday’s 111.48 top made in New York just ahead of Tokyo open and hit intra-day high of 111.68 b4 easing. Traders cited buying by Japanese names after yesterday’s robust U.S. private payrolls (May number came in at 285K vs forecast of 180K), rising U.S. stocks and firm U.S. Treasury yields together with the Nikkie climbing above psychological 20000 level (N225 currently up 1.2% at 20115) have boosted risk sentiment, leading to broad-based yen selling in Asia, suggesting consolidation with upside bias remains.

Bids are noted at 11.40-30 and more below with stops below 111.00.
offers are tipped at 111.65/75 with stops above 111.95, more stops are reported above previous daily res at 112.13, so buying dlr on dip is recommended.

Market focus is obviously the U.S. payrolls at 12:30GMT, street forecast is look for an increase of 185K growth vs previous reading of 211K n monthly earnings’ growth of 0.2%, if actual numbers beat expectation, then USD will continue its broad-based short-covering rally, if they fall short of expectation, then be ready for another round USD bashing.

AceTraderFx Jun 05: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
05 Jun 2017 [I]02:25GMT[/I]

USD/JPY - 110.53… The pair opened lower in Australia today (NZ’s financial market is closed for Queen’s Birthday holiday) and fell below last Friday’s 110.33 to 110.27 after tripping light stops below 110.30. However, lack of follow-through selling quickly lifted price.

Dlr then ratcheted higher at Tokyo open on buying by Japanese importer on bargain hunting n price recovered to 110.60 as the Nikkie pared initial loss and moved back into slightly positive territory (currently at 20183, up a mere 6 points).

Having said that, Friday’s disappointing U.S. jobs data n falling U.S. Treasury yields (benchmark 10-year yields tumbled to a 7-1/2 month low of 2.144%, currently at2.166%) should weigh on the greenback, so selling on recovery is recommended for re-test of May’s 110.24 low, then later 110.00.
Offers are tipped at 110.60/70 n more above with stops above 111.00.
Initial bids are noted at 110.30-20 with stops below there, more stops are touted below 110.00.

Pay attention to release of a slew of U.S. eco. data later in the day starting with labor costs, non-farm productivity, Markit services PMI, factory orders n ISM non-mfg (services) PMI. If some of these data come out weaker than market expectation, traders will sell the buck again.

AceTraderFx June 07: Intra-Day Market Moving News and Views- USD/JPY

Intra-Day Market Moving News and Views
07 Jun 2017 02:10GMT

USD/JPY - … Dlr is nursing loss in relatively subdued Asian trading after yesterday’s sharp fall from 110.53 to as low as 109.23. Traders cited reasons for yesterday’s decline on active broad-based yen buying due to risk aversion ahead of potential risk events on so-called Super Thursday where U.K. voters go to national polling stations, ECB will hold its monetary policy meeting and ex-FBI Chief James Comey will testify (14:00GMT) before a U.S. Senate panel.

The fact that dlr is unable to stage a strong rebound from yesterday’s 6-week trough at 109.23 (New York) suggests daily downside bias remains as falling U.S. Treasury yields are the biggest bearish factor on recent descent, so selling the pair on recovery is the way to go.
Offers are tipped at 109.60/70 and more above with stops reported above 110.00.
Initial bids are noted at 109.30-20 with stops below 109.00.

U.S. eco. calendar is extremely light with MBA mortgage applications (if you ever follow this) being the only data due out, so traders will focus on Treasury yields closely, the benchmark 10-year dropped to a fresh 7-month low of 2.129% on Tuesday.

AceTraderFx Jun 09: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
09 Jun 2017 03:06GMT

USD/JPY - 110.25… Although sterling took ‘centre stage’ throughout Asian morning, the pair regained traction as selloff in cable led to broad-based USD strength in Australia.

Dlr met renewed buying earlier at 109.77 (AUS) and climbed to 110.35, just shy of yesterday’s 110.38 (New York) high, current gain in the Nikkie (up nearly 1%) plus steady to firm U.S. Treasury yields are supportive of the greenback and consolidation with upside bias remains. Bids are noted at 110.00-109.90 n more below with stops below 109.70.
Offers are tipped at 110.30/40 with stops above 110.40. More selling interest is touted at 110.70/75.

Market had taken ‘triple risk-event’ Thur on its stride, so trading the pair from long side is favoured. The only U.S. eco. data due out later today is wholesale inventories, so technical trading will prevail.

Data to be released on Friday:
PPI, German exports, imports, trade balance, France industrial output, budget balance, UK manufacturing production, industrial production, trade balance, U.S. wholesale inventories, Canada unemployment rate, employment change and capacity utilisation.

AceTraderFx Jun 12: Intra-Day Market Moving News and Views -USD/JPY

[B]Intra-Day Market Moving News and Views
12 Jun 2017 [/B] [I]02:01GMT[/I]

USD/JPY - 110.19… Despite last Friday’s impressive rise from 109.77 (AUS) to as high as 110.81 in New York due to broad-based usd’s strength on the back of selloff in sterling and rising U.S. Treasury yields, the pair retreated in New York afternoon as US yields eased together with retreat in U.S. stocks and inta-day softness in early Asian trading, suggesting 1st leg of correction from last Wednesday’s 6-week bottom at 109.12 has ended and consolidation with downside bias is in store.

Therefore, selling dlr on recovery is favoured but profit should be taken on subsequent decline.
Offers are tipped at 110.45/50 n more above with stops reported above 110.85, bids are noted at 110.15-10 with stops below 110.00.
More stops are touted below 109.70 with there is market talk of good buying interest at 109.40-20 area.

No U.S. eco. data is due out today except U.S. Fed budget at 18:00GMT, however, main focus is the 2-day FOMC meeting which starts tom where the Fed is widely expected to hike its key rates for the 2nd time this year on Wednesday, so dlr should be supported on dips initially this week.

AceTraderFx Jun 13: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
13 Jun 2017 _ 002:12GMT_

USD/JPY - 109.98… In contrast to yesterday’s weak undertone in Asian trading, the pair extended rebound from Monday’s New York low of 109.63 to 110.11 in early Asian trading due to cross-selling in yen vs aud n the euro, suggesting range trading with upside bias is in store.
Steady U.S. Treasury yields (benchmark 10-year yield is currently 2.2145%, up from Monday’s low at 2.1865%) are supporting the greenback vs G4 currencies as the FOMC starts its 2-day policy meeting today and market has more or less priced in a 100% probability of 2nd quarter-point rate hike for the year on Wednesday.

Therefore, trading the greenback from long side is favoured (our daily strategy has entered long at 109.65).
Bids are noted at 109.80 and more at 109.65-60 with stops below 109.30, more stops are reported below last week’s 109.12 low.
On the upside, initial offers are tipped at 110.10/15 with some stops above there, more selling interest is touted at 110.40/50 with stops above there.

Pay attention to U.S. inflation data later in the day, at 12:30GMT, May CPI and PPI will be released, if actual readings come in slightly above street forecast, the usd will be bought. Then at 12:55GMT, Redbook retail sales will come out.

AceTraderFx Jun 16: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
16 Jun 2017 02:32GMT

USD/JPY - 111.15… Dlr stands tall in Asian trading on Friday, actually it stands tallest among its G7 peers after extending near term upmove from Wednesday’s 7-week low of 108.83 to a near 2-week high of 111.23 today after penetrating yesterday’s New York high of 110.97 as rising U.S. Treasury yields (currently at 2.17% vs Thursay’s close at 2.162%) and firm Japanese stocks (N255 current up 0.5% at 19939) have boosted risk sentiment, suggesting the pair would continue its ascent due to broad-based usd’s strength which started in Wed’s post-FOMC New York session.

Whilst market awaits this week’s 4th and last central bank monetary policy meeting by the BoJ any time today, the central bank is widely expected to stand pat on its rate decision and asset purchase programme, so traders may have to wait for comments by BoJ Governor Kuroda at the press conference at 06:30GMT.

Until then, bids have been raised to 110.85-75 with stops below 110.60.
Offer are tipped at 111.25/35 and more above with stops above previous res at 111.71.

Pay attention to a slew of U.S. eco. data later in the day starting with building permits, housing starts n University of Michigan consumer confidence, if actual readings of the latter 2 data come out better than street forecast, then the greenback will head higher in New York morning.

AceTraderFx Jun 19: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
19 Jun 2017 02:00GMT

USD/JPY - 111.04… Despite intra-day selloff from 111.42 to as low as 110.66 in New York morning after downbeat U.S. housing data and lower-than-expected consumer confidence, the greenback regained traction in early Asian trading on Monday after finding renewed buying earlier at 110.77 (New Zealand) and climbed back to 111.14 in Tokyo.

Intra-day gain due to rising Japanese stocks (N225 currently up 117 points at 20060) and a recovery in U.S. Treasury yields (benchmark 10-year yield currently at 2.1601% from Friday’s low at 2.144%) suggests price will be en route to 111.60/70 after consolidation.
Bids are noted at 110.80-70 with stops below 110.60.
Offers are tipped at 111.15/25 with stops above 111.45.

Although no eco. data is due out today, pay attention to speech by New York President William Dudley who participates in roundtable with local business leaders at 11:45 GMT.

AceTraderFx Jun 20: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
20 Jun 2017 02:17GMT

USD/JPY - 111.63… Dlr pares initial gain after climbing abv o/n New York top at 111.60 to a 3-week high of 111.78 after initial mildly hawkish comments by Chicago Fed President Evans (see early updates for details), suggesting range trading is in store until European open.

Having said that, Mon’s gain in U.S. stocks where the Dow is within a hair’s breadth of its record high at 21,392 n S&P 500 hitting a record high of 2,453 together with intra-day 1.2% gain in the Nikkie (currently at 20,302) plus Monday’s gain in U.S. Treasury yields shud boost risk appetite n set the stage for further dlr gain after consolidation, so buying on dips is still recommended but beware of profit taking near previous daily res at 112.13.

Bids are noted at 111.50-40 with stops below 111.20, more buying interest is reported to 111.00/110.90 with stops below 110.60.

Although U.S. eco. calendar is light with current account n Redbook retail sales being the only data due out, we have ‘many’ Fed officials scheduled to deliver speeches in various countries n different times during the day.
We just had speech by Fed’s Evans, pls refer to our Economic Indicators page for times of their speeches.
Next to speak are Fed’s Vice Chairman Fischer n Boston Fed President Rosengren who will both be delivering a speech to Amsterdam conference during European morning.