AceTraderFx Feb 18: Intra-Day News and Views (USD/JPY) & data to be released today

Trading Discussion Currencies
63

[B]Intra-day Market Moving News and Views
06 Jul 2015[/B] [I]02:32GMT[/I]

[B]USD/JPY [/B]- ...... Despite dlr's 'gap-down' open on Mon to a fresh 1-month trough at 121.70 in NZ as the Greek 'no' vote results triggered active cros-buying of yen on risk aversion, short-covering quickly lifted price ahead of Asian and dlr later climbed back to 122.71 in Tokyo morning before easing.

Although aforesaid intra-day rebound suggests consolidation with mild upside bias would be seen ahead of European open, intra-day weakness in Nikkei index (N225 was last seen down 1.36% to 20261) should prevent sharp gain above 122.00 level and yield retreat later, therefore, whilst buying on dips is recommended in Asia, position traders can look to sell on next intra-day rise.

At the moment, bids are noted at 122.30-20 and around 122.00 with stops located below 121.70, whilst offers from various accounts are tipped at 122.90-00 and then 123.20-30 with stops building just above 123.50.

[B]This week [/B]will see the release of Japan’s Coincident Indicator, Leading Indicator, Germany’s Industrial Orders, Swiss CPI, eurozone Sentix Index, U.S. Markit Service PMI, Employment Trends, ISM non-manufacturing PMI, Canda’s Ivey PMI [B]on Monday.[/B]

Australia’s RBA rate decision and statement, Swiss Unemployment Rate, Germany’s Industrial Output, U.K. Industrial Output and International Trade, Canada’s Exports, Imports and Trade Balance, U.S. Redbook [B]on Tuesday. [/B]

U.K. BRC Shop Price Index, Japan’s Current Account, Economy Watchers Poll, U.K. Budget Report, Canada’s Building Permits and U.S. FOMC Minutes [B]on Wednesday. [/B]

New Zealand’s Business NZ PMI, U.K. RICS Housing Survey, Japan’s Machinery Orders, Australia’s Consumer Inflation, China’s CPI, Australia’s Unemployment Rate, Germany’s Trade Balance, Exports, Imports, U.K. BOE rate decision, Canada’s Housing Starts, New Housing Price Index, U.S. Initial Jobless Claims [B]on Thursday.[/B]

Japan’s Corp Goods Price, Australia’s Housing Finance, Invest Housing Finance, Japan’s BoJ Monthly Eco. Survey, Consumer Confid. Index, U.K. Goods Trade Balance, Canada’s Employment Change, Unemployment Rate, U.S. Wholesale Inventories, Wholesale Sales and Monthly Budget Statement [B]on Friday.[/B]

64

[B]Intra-day Market Moving News and Views
07 Jul 2015[/B] [I]02:15GMT[/I]

[B]USD/JPY[/B] - … Dlr swung wildly on Mon after a gap-down open in NZ to a fresh 1-month trough at 121.70, short-covering quickly lifted price to 122.71 in Asia and price later rose to 122.93 ahead of NY open before retreating to 122.32 in NY afternoon.
Later, dlr staged another rebound to 122.81 in Asian morning on Tuesday due partly to gain in the Nikkei.

Due to the lack of important eco. data and events in the U.S. today, the pair may be affected on intra-day performance of global stocks which may affect yen move.
At the moment, offers are noted at 122.85-95 and more around 123.00 with mixture of offers and stops at 123.20-30.
On the downside, bids are reported at 122.50-40 and then 122.20/15 with mixture of bids and stops just below 122.00.

[B]Data to be released on Tuesday:[/B]

Australia’s RBA rate decision and statement, Swiss Unemployment Rate, Germany’s Industrial Output, U.K. Industrial Output and International Trade, Canada’s Exports, Imports and Trade Balance, U.S. Redbook retail sales.

65

[B]Intra-day Market Moving News and Views
08 Jul 2015[/B] [I]02:25GMT[/I]

[B]USD/JPY[/B] - ...... Although dlr staged a rebound from 122.01 to 122.65 in NY session as Dow pared early its losses and ended in a positive territory on Tuesday (DJI rebounded from intra-day low at 17465 and closed up 0.53% to 17776), price fell again to 121.97 in Tokyo morning on Wednesday as decline in Asian stocks markets triggered broad-based buying in yen for risk aversion.

Looks like buying of yen would continue ahead of European open and therefore, selling on intra-day recovery is recommended, however, near term outlook remains consolidative and reckon Mon’s fresh 1-month trough at 121.70 would hold in Asia.
Having said that, investors should pay attention to the Eco Watch Survey released by the Cabinet Office at 05:00GMT as it is a survey that is considered as basic material for assessing short-term economic trends in Japan.
Later in NY afternoon at 18:00GMT, Fed’s Williams will speak on the economic outlook before the International Conference of Commercial Bank Economists and Fed will release minutes of its latest meeting.

At the moment, offers are noted at 122.30-40 and more around 122.50 with mixture of offers and stops at 122.60-70.
On the downside, bids are reported at 121.90/85 and then 122.75/70 with mixture of bids and stops just below 121.70.

[B]Wednesday [/B]will see the release of U.K. BRC Shop Price Index, Japan’s Current Account, Economy Watchers Poll, U.K. Budget Report, Canada’s Building Permits and U.S. FOMC Minutes.

66

[B]Intra-day Market Moving News and Views
10 Jul 2015[/B] [I]02:34GMT[/I]

[B]USD/JPY[/B] - … Despite a brief retreat fm 121.81 ahead of Asian open, renewed buying at 121.51 lifted dlr n the pair then rose to a intra-day high of 121.96 as rebound in Asian bourse boosted risk appetite.

As fears of a Grexit n recent China’s stock market rout are fading, suggesting buying the dlr on dips is recommended today. At present, bids are reported at 121.50-40 n then 121.20-10 with mixture of bids n stops just below 121.00. On the upside, offers are noted at 122.00-10 n more near 122.30 with mixture of offers n stops at 122.40-50.

Ahead of European open, Japan Cabinet Office will release consumer confidence at 05:00GMT. Later, in NY session, we will release the U.S. wholesale inventories n wholesale sales released by the US Census Bureau, then the speeches fm Federal Reserve Bank of Boston President Eric Rosengren n Federal Reserve Chair Janet Yellen at 15:35GMT n 16:00GMT respectively.

[B]Friday[/B] will see the release of Japan’s Corp Goods Price, Australia’s Housing Finance, Invest Housing Finance, Japan’s BoJ Monthly Eco. Survey, Consumer Confid. Index, U.K. Goods Trade Balance, Canada’s Employment Change, Unemployment Rate, U.S. Wholesale Inventories, Wholesale Sales and Monthly Budget Statement.

67

[B]Intra-day Market Moving News and Views
13 Jul 2015 [/B] [I]02:16GMT[/I]

[B]USD/JPY[/B] - ...... Despite dlr's gap-down open to 122.05 in NZ on Monday due to risk-aversion buying in yen on uncertainty over Greek debt talks, renewed buying interest swiftly lifted price to 122.78. Later, dlr stabilised around 122.50 level in Tokyo morning.

At Asian midday, investors should pay attention to the release of a slew of economic from Japan (04:30GMT), these includes the tertiary industry index, industrial production n capacity utilization.
Until then, buying dlr on dips due to the intra-day rise in Nikkei (last seen up 1.25% to above 20000 level at 2020) is recommended.

At the moment, offers are noted at 122.85-95 and more around 123.00 with mixture of offers and stops at 123.20-30.
On the downside, bids are reported at 122.20-10 and then 122.00-121.90 with mixture of bids and stops just below 121.80.

[B]This week[/B] will see the release of China’s imports, exports and trade balance, Japan’s industrial output, capacity utilization [B]on Monday.[/B]

U.K. BRC retail sales, Australia’s NAB business confidence, Germany’s HIcp, CPI, U.K. CPI, RPI and PPI, Germany’s ZEW economic sentiment, eurozone industrial production, U.S. retail sales, Redbook and business inventories [B]on Tuesday. [/B]

Australia’s consumer sentiment, China’s GDP, retail sales, industrial output, BoJ’s policy meeting statement and press conference, Swiss retail sales, U.K. claimant count unemployment change, ILO unemployment, Swiss ZEW inestor sentiment, Canada’s manufacturing sales, U.S. industrial output, NY Fed manufacturing, PPI, Bank of Canada rate decision and statement [B]on Wednesday. [/B]
New Zealand’s business NZ PMI, CPI, Australia’s consumer inflation, BoJ’s monthly economic survey, eurozone inflation and eurostat trade. ECB’s rate decision and press conference, U.S. initial jobless claimsCB leading economic index, Philly Fed Capex index, NAHB housing market index, foreign treasury buys, net long-term flows and overall net capital flows also [B]on Wednesday.[/B]

Australia’s CB leading indicator, Westpac leading index, U.S. CPI and core CPIm housing starts, building permits, Canada’s CPI and U.S. Michigan consumer sentiment [B]on Thursday.[/B]

China house prices [B]on Friday.[/B]

68

[B]Intra-day Market Moving News and Views
15 Jul 2015[/B] [I]02:28GMT[/I]

[B]USD/JPY[/B] - ..... Although dlr fell from a near 2-week high of 123.73 in Asia to 123.19 on Tuesday adn then staged a recovery to 123.54 in Europe, price briefly tanked to 122.92 in NY morning after release of weak U.S. retail sales data, renewed broad-based buying in the greenback quickly emerged and lifted price to 123.45.

Later, dlr moved in a relatively narrow range of 123.25-123.45 for rest of the NY session before climbing higher on renewed selling in yen.

Today’s focus on dlr in Asian session is the announcement of the latest BoJ monetary policy decision n then the BoJ Governor Kuroda’s press conference around 03:00GMT and 06:30GMT respectively.
The BoJ is widely expected to maintain its monetary policy target unchanged after its two-day monthly meeting n continues its Japanese government bond purchase, the central bank will maintains its view inflation will accelerate to around 2% in the first half of fiscal 2016.

Later in NY session, market focus will be on the speeches from Federal Reserve Chair Janet Yellen who will deliver her semi-annual testimony on monetary policy before the House Financial Services Committee at 14:00GMT and Federal Reserve Bank of San Francisco President John Williams who will speak on the economic outlook before the Mesa Chamber of Commerce at 19:00GMT. In addition, investors should pay attention to the release of a slew of U.S. economic data in NY morning, these include industrial output, NY Fed mfg index, PPI and capacity utilization. Until then, dlr is expected to remain range bound inside 123.73-122.92 (Tuesday’s range) for now.

Bids are noted at 123.30-25 and more below with stops reported below 122.90.
Offers are tipped at 123.50/55 and more above with stops building above 123.75.

[B]Data to be released on Tuesday: [/B]

Australia consumer sentiment, China GDP, retail sales, industrial output, Japan rate decision, France CPI, Swiss retail sales, ZEW investor sentiment, UK claimant count, unemployment rate, Canada manufacturing sales, BoC rate decision, U.S. PPI, capacity utilisation and Fed Beige book.

69

[B]Intra-day Market Moving News and Views
16 Jul 2015[/B] [I]02:16GMT[/I]

[B]USD/JPY[/B] - ...... Dlr jumped shortly after NY open on Wednesday after transcript of of Fed's chair Janet Yellen ahead of her 2-day semi-annual testimony was released which triggered broad-based demand for the greenback.

Later, dlr rose to a 2-week high of 123.97 and then retreated to 123.65 before climbing back to 123.97 ahead of Asian open on Thursday.

Ahead of European open, BoJ will release its monthly economic survey which presents a study of economic movements in Japan.
Later in NY session, market focus will be on the speech from Federal Reserve Chair Janet Yellen who will deliver her semi-annual testimony on monetary policy before the Senate Banking Committee at 14:00GMT.
Meanwhile, investors should pay attention to the release of the a slew of U.S. economic data, these include the initial jobless claims, Philly Fed business index, NAHB housing market index.

At the moment, bids are noted at 123.60-50 and more below with stops reported below 123.20.
On the upside, offers are tipped at 124.00/05 and more above with stops building above 124.30.

[B]Thursday [/B]will see the release of Australia’s CB leading indicator, Westpac leading index, ECB monetary policy decision and press conference, U.S. CPI, core CPI and housing starts, building permits, Canada’s CPI and U.S. Michigan consumer sentiment.

70

[B]Intra-day Market Moving News and Views
17 Jul 2015[/B] [I]02:01GMT[/I]

[B]USD/JPY[/B] - ...... Although dlr rose to a fresh 3-week peak at 124.18 in NY morning on Thur after the release of lower-than-expected number in weekly U.S. initial jobless claims, price briefly fell to 123.86 after the downbeat Philadelphia Fed mfg survey before renewed buying emerged after comments from Fed's chair Yellen. Later, dlr climbed back to 124.15 near NY close and then marginally higher to 124.23 at Asian open.

As dlr has maintained a firm bias in subdued Asian trading, suggesting buying on dips is recommended. Having said that, sharp gain is not envisaged ahead of NY open as profit-taking is likely to emerge before the release of the important U.S. inflation reports and housing data at 12:30GMT, then the U. of Michigan consumer sentiment and as well as the speech from Federal Reserve Vice Chair Stanley Fischer at 14:00GMT.

Market estimates for U.S. CPI to show a rise of 0.3% month-on-month in June, lifted by a nearly 4% increase in gasoline prices while the year-on-year rate of CPI to climb to 0.1% fm a flat reading in May. Meanwhile, forecasts for the U.S. core CPI are to have risen 0.2% month-on-month and 1.8% year-on-year from previous readings of 0.1% n 1.7% respectively. In addition, U.S. housing starts are expected to show an increase to 1.110 mln units in June, while building permits are forecast to have fallen to 1.115 mln units. Finally, the Michigan consumer confidence index is expected to rise to 97.0 in June, up from previous reading of 96.1.

At the moment, bids are noted at 123.90-80 and more below with stops reported below 123.60.
On the upside, some offers are tipped at 124.25/30 with selling interest from various accounts at 124.40-50 and then more at 124.70-80.

[B]Friday[/B] will see the release of Australia’s CB leading indicator, Westpac leading index, U.S. CPI, core CPI and housing starts, building permits, Canada’s CPI and U.S. Michigan consumer sentiment.

71

[B]Intra-day Market Moving News and Views
20 Jul 2015[/B] [I]02:46GMT[/I]

[B]USD/JPY [/B]- ...... Dlr trades narrowly but with a firm undertone in subdued Asian trading following Friday's rebound from 123.92 (Europe) as markets in Japan are closed today for Marine Day holiday.

Looks like sideways move below Fri’s 2-week high of 124.23 would be seen until European open but buying dlr on dips due to anticipated broad-based strength in the greenback is recommended. Having said that, the absence of U.S. eco. events and data today and near term yen’s strength vs other major ccys would limit strong gain and price may falter below previous resistance at 124.62.

At the moment, bids are reported at 124.05/00 and then 123.80-123.70 with mixture of bids and stops just below 123.50.
On the upside, offers are noted at 124.35-45 and more around 124.50 with mixture of offers and stops at 124.70-80.

[B]This week[/B] will see the release of U.K. Rightmove house prices, China house prices, Germany’s producer prices, eurozone current account, Germany’s Bundesbank monthly report and Canada’s wholesale trade data on Monday.

Japan’s Tankan DI, RBA meeting’s minutes, China CB leading economic index, Swiss trade, U.K. PSNCR and U.S. Redbook on Tuesday.

Australia’s Westpac leading index and CPI, BoE minutes, vote outcome, inflation report hearing, CBI distributive trades, U.S. monthly home price index, Markit service PMI, existing home sales and eurozone consumer confidence on Wednesday.

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 on Thursday.

New Zealand’s imports, exports and trade balance, Japan’s manufacturing PMI, China’s Markit manufacturing PMI flash, Germany’s and eurozone Markit manufacturing and services PMI respectively, U.S. Markit manufacturnig PMI, U.S. new home sales on Friday.

72

[B]Intra-day Market Moving News and Views
21 Jul 2015[/B] [I]02:15GMT[/I]

[B]USD/JPY[/B] - ...... Dlr rose to a fresh 2-week peak at 124.39 in NY morning on Monday following the hawkish comments by St. Louis Fed Bullard and despite a brief retreat to 124.19 on profit-taking, price maintained a firm bias and edged higher in NY afternoon. The pair retest 124.39 shortly after Asian morning on Tuesday before easing again.

Although range trading is in store, market expectations U.S. interest rates could be raised as early as September should continue to provide support the greenback today and therefore, buying on dips is recommended.
However, sharp gain is not likely to be seen and reckon 125.00 limit upside.

At the moment, bids from various accounts are reported around 124.20 and then 124.05/00 with mixture of bids and stops at 123.80-70.
On the upside, offers are tipped at 124.50/55 and more around 124.80 with mixture of offers and stops at 124.90-00.

[B]Tuesday[/B] will see the release of Japan’s Tankan DI, RBA meeting’s minutes, China CB leading economic index, Swiss trade, U.K. PSNCR and U.S. Redbook.

73

[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.

74

[B]Intra-day Market Moving News and Views
29 Jul 2015[/B] [I]01:32GMT[/I]

[B]USD/JPY[/B] - ...... Dlr rallied on Tue as recovery in Chinese stocks after an initial 4%-drop prompted selling in yen, price rose fROm Asian low at 123.08 to as high as 123.80 at NY open before retreating in part due to profit-taking.

Later, dlr dropped back to 123.50 following the release of downbeat U.S. consumer confidence and then moved sideways for rest of the NY session and as well as in subdued Asian trading on Wed as investors are keeping their powder dry ahead of the release of important FOMC monetary policy statements later today (18:00GMT).

The U.S. Federal Reserve is widely expected to leave its benchmark federal funds rate unchanged. But market participants will sit through the statement for hints about when and how the Fed will start hiking the rate, which has been set at a range of 0.00-0.25% since Dec, 2008, in the throes of the financial crisis.
In addition, investors should pay attention to the release of U.S. pending homes sales at 14:00GMT.

At the moment, bids are reported at 123.30-20 and around 123.10 with stops building below 123.00.
On the upside, offers from various accounts are tipped at 123.80-90 then 124.00/05 with stops just above 124.20.

[B]Wednesday[/B] will see the release of Japan’s retail sales, Germany’s GfK consumer sentiment, Swiss UBS consumption indicator, U.K. mortgage approvals and CBI distributive trades, U.S. pending home sales change, FOMC rate decision and Fed’s monetary policy statement.

75

[B]Intra-day Market Moving News and Views
30 Jul 2015[/B] [I]02:33GMT[/I]

[B]USD/JPY[/B] - 124.16... Dlr continues o/n gain in Asian morning on Thursday following the release of FOMC statement in Wednesday's NY afternoon session which showed that Fed is on track to raise rates. Price briefly dipped to 123.88 just ahead of Asian open before rising above o/n NY high of 124.03 to 124.17.

Today’s major focus for the greenback after y’day’s FOMC statement is the release of preliminary reading for U.S. Q2 GDP and the weekly jobless claims at 12:30GMT. Market expects the U.S. GDP annualized rate for Q2 to return to positive territory n show a rise of 2.6% compares to previous reading of -0.2% due to bad weather ion Q1, while the weekly U.S. jobless claims to increase 15K to 270K. Meanwhile, investors should also pay attention to the release of U.S. trade balance and personal consumption expenditures prices for Q2 which are also to be released at 12:30GMT.

At the moment, initial buying interest is noted in 124.00-123.90 and solid bids at 123.55-50 with stops stops just below 123.30.
On the upside, offers from exporters are reported at 124.35-45 with fairly stops touted above 124.50.

[B]Thursday[/B] will see the release of New Zealand’s building consents, Japan’s industrial output and IP forecast, Australia’s building approvals, import and export prices, Swiss KOF indicator, Germany’s unemployment, eurozone business climate, consumer inflation expectation, consumer confidence, unemployment rate, eurozone unemployment rate, Germany’s CPI and HICP, U.S. initial jobless claims.

76

[B]Intra-day Market Moving News and Views
31 Jul 2015[/B] [I]02:34GMT[/I]

[B]USD/JPY [/B]- ...... Although dlr rose above previous July's peak at 124.48 to a fresh 7-week high of 124.58 in NY morning on Thursday after official preliminary data showed that U.S. economic growth accelerated in the second quarter, lack of follow-through buying prompted profit-taking and dlr later retreated to 124.09 in NY afternoon.

In early Friday’s trading, dlr met renewed selling at 124.28 (AUS) and then fell to 123.93 after tripping light stops below 124.00 b4 staging a recovery.
Intra-day weakness in the Nikkei and Chinese stocks suggests sideways trading below said yesterday’s 124.58 high would continue.

Today, looks like consolidation with mild downside bias would be seen in Asia n Europe b4 the release of U.S. Chicago PMI and Reuters/Michigan consumer sentiment index at 13:45GMT and 14:00GMT respectively. Having said that, investors should also take note to the release of Japan’s construction orders and housing starts at 05:00GMT.

At present, offers are tipped at 124.10-20 and more at 124.35/40 with mixture of offers and stops at 124.50-60.
On the downside, bids are placed in 123.80-123.60 region and around 123.50 with buying interest from various accounts at 123.30-20.

Earlier on Friday, official data showed that the total work force that Japan’s unemployment rate rose unexpectedly last month to 3.4%, from 3.3% in the preceding month.
Meanwhile, data showed that household spending in Japan fell more-than-expected to a seasonally adjusted -2.0% from 4.8% in the preceding month, Tokyo’s core CPI fell to at an annualized rate of -0.1% from 0.1% in the preceding month, and Japan’s national core CPI remained unchanged unexpectedly at 0.1% last month.

[B]Friday [/B]will see the release of U.K. GfK consumer confidence, Japan’s all household spending, CPI and unemployment rate, Australia’s PPI, Japan’s construction orders and housing starts, eurozone inflation, Canada’s GDP, U.S. employment costs, Chicago PMI and Reuters/Michigan consumer sentiment index.

77

[B]Intra-day Market Moving News and Views
03 Aug 2015[/B] [I]02:00GMT[/I]

[B]USD/JPY[/B] - ..... Although dlr fell sharply from 124.38 to 123.52 in Friday's NY morning after data showed that U.S. wage growth for the Q2 increased by the lowest level in more than 30 years, buying interest quickly emerged there and price later climbed back to 124.03 near NY close following the 'hawkish' comments from St. Louis Federal Reserve President James Bullard, then marginally higher to 124.12 at Asian open on Monday before retreating.

Today, as market’s speculation of further weakening in yen would continue after comments from BoJ Governor Kuroda who said that he didn’t intend to draw any “line in the sand” for the dollar/yen, buying the pair on dips is recommended.
Having said, investors should pay attention to the release of a slew of U.S. eco. data later in NY morning, this includes the PCE index, personal income, personal consumption, construction spending and ISM manufacturing PMI.
In addition, Federal Reserve Board Governor Jerome Powell will speak on “The Structure and Liquidity of Treasury Bond Markets” before the Brookings Institution “Are There Structural Issues in the U.S. Bond Markets?” Conference at 14:50GMT.

At the moment, bids are placed in 123.80-123.60 region and around 123.50 with buying interest from various accounts at 123.30-20.
On the upside, offers are tipped at 124.20-30 and more at 124.35/40 with mixture of offers and stops at 124.50-60.

This week will see the release of Australia’s HIA new home sales, Japan’s manufacturing PMI, U.K. Nationwide house prices, Swiss manufacturing PMI, Germany’s, eurozone and U.K. Markit manufacturing PMI respectively, U.S. PCE price index, construction spending and ISM manufacturing PMI on [B]Monday[/B].

Australia’s retail sales, trade balance, RBA rate decision and policy statement, U.K. Markit construction PMI, eurozone producer prices, U.S. Redbook, Canada’s RBC manufacturnig PMI, U.S. ISM, durable goods and factory orders on [B]Tuesday[/B].

New Zealand’s HLFS unemployment rate and labour cost index, China’s Caixin services PMI, Swiss CPI, Germany’s, eurozone and U.K. Markit services PMI respectively, eurozone retail sales, U.S. ADP National employment, Canada’s exports, imports and trade balance, U.S. ISM non-manufacturing PMI on [B]Wednesday[/B].

Australia’s unemployment rate, Japan’s leading indicator, Swiss consumer confidence, Germany’s industrial orders, U.K. industrial and manufacturing output, BOE MPC vote outcome and rate decision on [B]Thursday[/B].

Australia’s housing finance, Swiss unemployment rate, Germany’s exports, imports, trade balance and industrial output, U.K. goods trade balance, Canada’s unemployment rate, building permits, employment change and Ivey PMI, U.S. average earnings, non-farm payrolls and unemployment rate on [B]Friday.[/B]

78

[B]Intra-day Market Moving News and Views
04 Aug 2015[/B] [I]02:00GMT[/I]

[B]USD/JPY[/B] - … Although dlr ended little change in on Monday, price went through a mini roller-coaster U.S. session. Price ratcheted higher in Asia and European morning as rebound in the Nikkei boosted risk appetite, price climbed to 124.27 ahead of NY open before coming off to 123.85 after release of weaker-than-expected U.S. construction spending and ISM mfg PMI, however, renewed USD’s broad-based strength in NY afternoon lifted price to 124.04 and the pair edged higher to 124.09 in Asia.

Today’s market focus is on the release of U.S. factory orders at 14:00GMT. Street forecasts is Jun’s reading to an increase of 1.8% in June from -1.0% in preceding month. If the actual figure comes in better than forecast, then another bout of dlr buying may well emerge.

At the moment, bids from various accounts are noted in 123.90-123.70 region with stops below 123.50 whilst some offers are tipped at 124.30-40 and more above with stop touted above 124.60.

[B]Tuesday[/B] will see the release of Australia’s retail sales, trade balance, RBA rate decision and policy statement, U.K. Markit construction PMI, eurozone producer prices, U.S. Redbook, Canada’s RBC manufacturnig PMI, U.S. ISM, durable goods and factory orders.

80

[B]Intra-day Market Moving News and Views
05 Aug 2015[/B] [I]02:35GMT[/I]

[B]USD/JPY[/B] - ...... Dlr rallied in NY afternoon session after comments from Atlanta Fed President Dennis Lockhart who said 'Fed is "Close" to being ready to raise short-term rates'. Price rose to 124.41 in NY afternoon n then eased to 124.26 before climbing higher to 124.48 in Asian morning on Wednesday as renewed weakness in eur/usd led to broad-based usd's strength vs its major peers.

Earlier in Asian morning on Wednesday, data showed that Japanese services sector activity expanded in July at a slightly slower pace than the previous month, suggesting only a moderate rebound in the economy after an expected contraction in the second quarter. The Markit/Nikkei Japan Services PMI fell to a seasonally adjusted 51.2 in July from 51.8 in June.

In Asia and early Europe, dlr’s intra-day firmness vs Japanese yen in Tokyo morning on Wednesday suggests consolidation with upside bias would be seen and buying the pair on dips is recommended.
However, sharp gain above last week’s top at 124.58 is not envisaged and price should falter below 125.00 ahead of the release of a slew of U.S. eco. reports in NY morning, these include ADP employment, U.S. international trade balance, Markit services PMI and ISM-mfg PMI.

At the moment, bids from various accounts are noted in 124.20-124.00 region with stops below 123.80 whilst some offers are tipped at 124.50-60 and more above with stop touted above 124.80.

[B]Wednesday[/B] will see the release of New Zealand’s HLFS unemployment rate and labour cost index, China’s Caixin services PMI, Swiss CPI, Germany’s, eurozone and U.K. Markit services PMI respectively, eurozone retail sales, U.S. ADP National employment, Canada’s exports, imports and trade balance, U.S. ISM non-manufacturing PMI.

81

[B]Intra-day Market Moving News and Views
06 Aug 2015[/B] [I]02:31GMT[/I]

[B]USD/JPY[/B] - ...... Dlr traded sideways in Asia n European morning on Wednesday and despite a brief but sharp drop to 124.02 in NY morning after release of a weak ADP private payrolls data, renewed buying quickly lifted price and dlr then rallied above Asian high of 124.48, then last week's top at 124.58 to a fresh 7-week peak of 125.01 on robust U.S. ISM non-mfg PMI. However, profit-taking knocked the pair down to 124.72 in NY and dlr edged lower to 124.71 in Asian morning.

Today, although intra-day retreat suggests consolidation is in store ahead of release of weekly U.S. jobless claims, buying dlr on dips is recommended.

At the moment, bids from various accounts are noted in 124.50-124.30 region with stops below 124.20, however, more buying interest is touted around 124.00.
On the upside, some offers are tipped at 124.90-00 and more above with stop placed above 125.30.

[B]Thursday[/B] will see the release of Australia’s unemployment rate, Japan’s leading indicator, Swiss consumer confidence, Germany’s industrial orders, U.K. industrial and manufacturing output, BOE MPC vote outcome and rate decision.

82

[B]Intra-day Market Moving News and Views
10 Aug 2015[/B] [I]01:39GMT[/I]

[B]USD/JPY[/B] - 124.33.. Despite Friday's intra-day sell-off from a fresh 7-week high of 125.07 to 124.10 in post-NFP NY session, DLR staged a modest bounce ahead of Asian morning, possibly on buying by Japanese importers, suggesting sideways trading is in store.

Some offers are tipped at 124.45/55 and more above with stops noted above 124.85.
However, more selling interest is reported at 124.95/05.
At the moment, bids are touted at 124.20-10 with stops below 124.00.

[B]Data to be released this week: [/B]

Japan current account, trade balance, BoJ economic survey, consumer confidence and EU sentix index on Monday.

UK BRC retail sales; Australia NAB business conditions, business confidence, Japan machine tool orders, Italy CPI, EU economic sentiment, Germany current conditions, economic sentiment, Canada housing starts, U.S. unit labor costs, redbook retail sales, wholesale inventories and wholesale sales on Tuesday.

Japan CGPI, machinery orders, industrial output, capacity utilisation, Australia WPI, consumer sentiment, China industrial output, retail sales, France current account, Italy trade balance, UK ILO unemployment rate, claimant count, average earnings, EU industrial production and U.S. Fed budget on Wednesday.

New Zealand manufacturing PMI, Japan machinery orders, Germany CPI, HICP, France CPI, Swiss PPI, Canada new housing price, U.S. export prices, import prices, retail sales and business inventories on Thursday.

New Zealand retail sales, France GDP, Germany GDP, Italy GDP, EU GDP, inflation, Canada manufacturing sales, U.S. capacity utilisation and industrial output on Friday.

83

[B]Intra-day Market Moving News and Views
11 Aug 2015[/B] [I]01:09GMT[/I]

[B]USD/JPY[/B] - ..... Dlr has maintained a steady tone in Asian morning and only budged a little from 124.78 (Europe) to 124.45 in NY session due to active cross-selling in yen despite broad-based sell-off in the greenback.

Intra-day gain in the Nikkie (currently up by approx. 100 points) following o/n rally in the Dow suggests sideways trading is in store in Asia.
However, anticipated renewed weakness in the buck on further long liquidation suggests selling the pair for another decline is still favoured today.

Offers are tipped at 124.75/85 and more above with fairly large stops touted above 125.10.
Initial bids are noted at 124.45-35 and more below with a mixture of bids and stops just below 124.00.

[B]Date to be release on Tuesday:[/B]

UK BRC retail sales; Australia NAB business conditions, business confidence, Japan machine tool orders, Italy CPI, EU economic sentiment, Germany current conditions, economic sentiment, Canada housing starts, U.S. unit labor costs, Redbook, wholesale inventories and wholesale sales