[B]Intra-day Market Moving News and Views
23 Jul 2015[/B] [I] 02:09GMT[/I]
[B]USD/JPY[/B] - ..... Dlr rebounded after extending losses from Tuesday's 5-week high of 124.48 to 123.57 at European open on Wednesday and then climbed back above 124.00 level to 124.16 in NY morning as release of upbeat U.S. housing data boosted demand for the greenback. The pair later retreated to 123.92 in Australia on Thursday before staging another bounce to 124.15 at Asian open.
Today’s focus on the greenback is the release of weekly U.S. initial jobless claims and leading indicator in NY session at 12:30GMT and 14:00GMT respectively. Street forecast is for the number of Americans filing new claims for unemployment benefits last week to deduce by 1k to 280K from previous reading of 281K, whilst the leading indicators is estimated to drop to 0.2% from previous reading of 0.7%.
Choppy sideways move around 124.00 is expected ahead of NY open and offers are tipped at 124.20-30 and more near 124.45 with mixture of offers and stops just above 124.50.
On the downside, bids are reported at 123.80-70 and then 123.60/55 with mixture of bids and stops at 123.40-30.
[B]Thursday [/B]will see the release of New Zealand’s interest rate decision, Japan’s exports, imports and trade balance, U.K. retail sales, BBA mortgage approvals, U.S. initial jobless claims, Canada’s retail sales, eurozone consumer confidence flash and U.S. leading index change.