[B]Intra-Day Market Moving News and Views
09 Jun 2014[/B] [I]01:41GMT[/I]
[B]USD/JPY - 102.54 .[/B]… Despite last Fri’s brief but strong retreat to 102.12 after the release of U.S. non-farm payrolls data, the greenback subsequently rebounded to 102.61 and then extended marginal gain to 102.65 in Asian morning today b4 retreating. Bids are now located at 102.45-40 and more buying interest is noted at 102.30-25 with stops only seen below 102.10. On the upside, some offers are tipped at 102.65 and 102.75-80 with stops are reported above 102.80 and 103.00.
On the data front, Japan’s gross domestic product (GDP) grew an annualized 6.7% in the first three months of the year, faster than economists’ forecast of 5.6% n a preliminary 5.9%. Besides, Japan reported a narrower current account surplus, 187.4 billion yen versus economists’ forecast of 322.5 billion yen.
[B]Data to be released next week: [/B]
Japan GDP revised, consumer confidence index, economy watch, euro zone Sentix index, Canada house starts. Market in Germany, France and Switzerland will be closed [B]on Monday. [/B]
Australia NAB business confidence, NAB business conditions, invest housing finance, housing finance finance, China PPI, CPI, unemployment rate, retail sales, France industrial output, Italy industrial output, GDP, U.K. industrial output, manufacturing output, U.S. wholesale inventories, wholesale sales [B]on Tuesday. [/B]
Australia consumer sentiment, U.K. average earnings, claimant count unemployment change, ILO unemployment rate, U.S. Federal budget [B]on Wednesday.
[/B]
Japan machinery orders, U.K. RICS housing survey, Australia unemployment rate, employment, France CPI, current account, euro zone industrial production. U.S. retail sales, export prices, import prices, business inventories, Canada new housing price index, capacity utilization [B]on Thursday. [/B]
Japan capacity utilization, industrial output, France non-farm payroll, China retail sales, Germany CPI, HICP, Italy CPI, euro zone employment, Canada manufacturing sales, U.S. University of Michigan sentiment [B]on Friday.[/B]