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

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

Intra-Day Market Moving News and Views 
16 May 2016 01:22GMT

USD/JPY - 108.78... Despite dlr's brief rise to session high at 109.59 in New York morning on Friday on the back of upbeat U.S. eco. data, price tumbled to 108.57/59 near New York close, then edged lower to 108.47 in Australia today. However, the pair found some support there and staged a short-covering rebound to 108.85 at Tokyo open due partly to the release of soft Chinese data over the weekend.

Trading is likely to be thin today with several European markets closed today for Whit Monday holiday.
Offers are now seen at 108.90/00 and more above at 109.20/30 with stops building up above there whilst initial bids are noted at 107.90/00, suggesting selling on pullback is favored.

Data to be release:

Japan's Corporate Goods Price, Machine Tool Orders, Germany's Buba Monthly Report, U.S.'s New York Empire State Manufacturing, NAHB Housing Market Index, and Bank of Canada review on Monday.

Reserve Bank of Australia meeting minutes, Japan industrial reports, Switzerland's PPI, Italy's Trade Balance, U.K.'s CPI, RPI, PPI, DCLG House Price Index, Canada's Manufacturing Sales, U.S.'s CPI, Building Permits, Housing Starts, Redbook and Industrial Output and Capacity Utilization on Tuesday.

New Zealan's PPI, Japan's GDP, Australia's Westpac Consumer Confidence, Wage Price Index, UK's ILO Unemployment, Average Earnings, Claimant Count Unemployment Change, euro zone's CPI, and U.S.'s FOMC minutes on Wednesday.

Japan's Machinery Orders, Australia's jobs reports, China's MNI Business Sentiment, Japan's All Industry Index, France's ILO Unemployment, UK's Retail Sales, ECB's Monetary Policy Meeting Account, U.S.'s Initial Jobless Claims on Thursday.

Germany's PPI, euro zone's Current Account, Canada's Retail Sales, CPI, and U.S.'s Existing Home Sales on Friday.