Japanese banks will be closed in observance of Showa Day. Low liquidity is expected for the Tokyo Forex session.
22:11 USD/JPY: Slump Expected in March Industrial Production San Francisco, April 28. USD/JPY trades at 104.21 into early Sydney having traded to a low of 104.06 this afternoon, partly fuelled by EUR/JPY selling. Trading is expected to be quiet in Asia with Tokyo closed for Showa holidays. Tuesday"s Nikkei reports that Japanese institutional forecasts for this Wednesday"s release of industrial production have a median of -0.7%, reflecting the slowdown in the economy. One forecast is for a fall as deep as -1.6% though most forecasts are said to be for a decline between 0.5-0.8%. The expected decline will underpin expectations that the BOJ, also on Wednesday, will officially lower its growth forecast.
USD/JPY offers are now eyed as close as 104.50/60 with more at 104.80 and staggered up to 105.50. However, stops are also eyed from 105.00/10 and staggered as high as 105.70 with some at 105.25, 105.50 and 105.70 particularly noted. [email protected]
Strategy:[email protected] The short-term up-trend is now having a scrap with the longer term down trend with levels around 105.00-20 likely to prove pivotal. Dips should be limited to the recent daily lows at 102.70 and bulls can try buying there with a stop below 102.25. I prefer to stick with the down trend and will sell a 105.20 failure. (SL) 23:07 GMT
美元兑日元:狭窄区间交易
美元/日元和欧元/日元交易清淡,隔夜两者均处于狭窄区间,由于日本市场今日休市,本周重要数据前投资者更倾向于旁观,预计亚洲时段市况极为清静。美元/日元买盘在104.00,下有小型止损,卖盘在104.80/00。美元/日元现报104.18/21。
22:11 USD/JPY: Slump Expected in March Industrial Production San Francisco, April 28. USD/JPY trades at 104.21 into early Sydney having traded to a low of 104.06 this afternoon, partly fuelled by EUR/JPY selling. Trading is expected to be quiet in Asia with Tokyo closed for Showa holidays. Tuesday"s Nikkei reports that Japanese institutional forecasts for this Wednesday"s release of industrial production have a median of -0.7%, reflecting the slowdown in the economy. One forecast is for a fall as deep as -1.6% though most forecasts are said to be for a decline between 0.5-0.8%. The expected decline will underpin expectations that the BOJ, also on Wednesday, will officially lower its growth forecast.
USD/JPY offers are now eyed as close as 104.50/60 with more at 104.80 and staggered up to 105.50. However, stops are also eyed from 105.00/10 and staggered as high as 105.70 with some at 105.25, 105.50 and 105.70 particularly noted. [email protected]
Strategy:[email protected] The short-term up-trend is now having a scrap with the longer term down trend with levels around 105.00-20 likely to prove pivotal. Dips should be limited to the recent daily lows at 102.70 and bulls can try buying there with a stop below 102.25. I prefer to stick with the down trend and will sell a 105.20 failure. (SL) 23:07 GMT
美元兑日元:狭窄区间交易
美元/日元和欧元/日元交易清淡,隔夜两者均处于狭窄区间,由于日本市场今日休市,本周重要数据前投资者更倾向于旁观,预计亚洲时段市况极为清静。美元/日元买盘在104.00,下有小型止损,卖盘在104.80/00。美元/日元现报104.18/21。